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By Anshul Choudhary and Apoorva ChoubeyInvestors should brace themselves for lower pace of equity returns over the next 2-3 years as the exuberance seen in several mid- and small-cap stocks may not be replicated, given that the extraordinary performance over the last year was driven primarily by liquidity chasing quick bucks, according to Vinay Paharia, chief investment officer at PGIM India Mutual Fund.
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