New Delhi, April 14 -- The narrative that defined the last three years, where a handful of mega-cap tech giants carried the entire weight of the U.S. economy, is finally beginning to fracture. In the first quarter of 2026, a reversal emerged: the small-cap Russell 2000 stocks gained 0.9% while the mega-cap Russell Top 50 index fell 7.9%.

Appreciate notes that investors are increasingly looking beyond the "Magnificent Seven" for value small-cap stocks, but the approach remains defined by surgical precision. This is not an indiscriminate "buy everything small" moment. In fact, despite the price outperformance, large-cap funds still saw $28.2 billion in net inflows this quarter while small-cap funds faced minor outflows. This gap reinforces...