Ace investors stage a comeback after March rout

Marquee investor portfolios staged a sharp recovery in the June quarter after the March-quarter rout, with 16 of 17 ace investors seeing the value of disclosed holdings rise. The median portfolio gained 18.7 percent in Q2, reversing the 15.6 percent fall in Q1, lifting combined holdings by 13.6 percent to around Rs 4.30 trillion, an addition of over Rs 51,300 crore. The rebound was led by a 24.1 percent surge in BSE SmallCap and 14.5 percent gain in BSE MidCap, supported by easing crude prices and sustained domestic mutual fund inflows of over Rs 23,000 crore into small- and mid-cap schemes during April-May.