years ended May 31, 2017.
On the other hand, blue-chip index Sensex and S&P BSE LargeCap companies have shelled out a return of 34.24 per cent and 38.56 per cent, respectively, in the period under review.
"We see that in the three-year period ending May 31, 2017, the absolute returns of the S&P BSE SmallCap and S&P BSE SmallCapSelect were significantly higher than those of the S&P BSE LargeCap and S&P BSE Sensex," S&P BSE Indices Associate Director (product management) Ved Malla told PTI.
"This significant outperformance by small-cap stocks has resulted in more market participants looking at the small-cap segment," he added.
Small-cap indices have also outperformed the large cap companies over one year period ended May 31, delivering a return of 36.22 per cent. S&P BSE SmallCap Select generated a return of 30.89 per cent for its investors.
Comparatively, large-cap has given a return of 20.78 per cent, while Sensex companies shelled out 18.22 per cent return for the one-year period. Similarly, investors received a return of 36.10 per cent
and 26.03 per cent from S&P BSE SmallCap and Smallcap Select indices, respectively, over two-year period ended May 31, 2017.
According to Malla, there has been a paradigm shift in investment patterns as market participants are now going beyond traditional large-cap companies and venturing into companies in the mid-cap and small-cap segments.
S&P Dow Jones Indices is a global leader in providing investable and benchmark indices to the financial markets.
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