India’s Portfolio Managers Begin The Year With Midcap Blues

Portfolio managers started 2019 with losses as the midcap rout that began last year showed no signs of abating.India’s top 50 portfolio managers with Rs 1,01,270 crore worth of investments—close to 90 percent of assets managed by such firms—saw the value of their holdings decline 4 percent month-on-month on an average in January, according to data compiled by BloombergQuint from disclosures made to the market regulator.The top 50 fir...