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24: What are midcap funds, when & how to invest in them

There's a rally in the midcap space in the markets, especially after Sebi's news rules regarding multi-cap funds. But, should you capitalize on this development? Should recent, higher returns dictate your plunge into a midcap investment, or should it be a more strategic decision with a long-term vision? And finally, should you pick a midcap fund to expand your portfolio, or are individual stocks the way to go?
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