Simple reason, smallcap index itself is filled with poor quality junk stocks... So, the point of the article is if you have the ability to select quality small cap or
mid cap stocks then it will outperform the best quality large cap stocks like TCS, Sun Pharma, ITC etc across any market situation...
From the above discussion, now it is clear that if you can select quality
stocks from
mid cap and small
cap space
then it can easily outperform large
cap stocks on every front — be it capital appreciation or dividend yield or steady cash flow.