Mid-cap stocks have started buzzing again after nearly a year of tepid returns. Equity funds riding on midcaps have taken off, fetching 8.3% over the past one month—behind only sectoral funds, Value Research data shows. Are mid-caps really poised for a sustained uptick in return? Should you the investor take a more aggressive position in this space?

During the relentless market rally of 2020-2021, mid-caps enjoyed a stellar run. However, the