New Delhi, Feb. 24 -- Mid- and small-cap stocks have borne the brunt of the market correction in the last 12 months, witnessing deeper drawdowns and far greater volatility compared to their large-cap peers, a Mint analysis shows.

Within the Nifty 50 stocks, 16 are trading 15% to 33% below their 52-week highs. In contrast, the broader Nifty 500 shows deeper corrections, with 34 stocks down 40-75% from 52-week peaks and another 203 stocks trading 20-39% below.

The disproportionate correction in the SMID segment, as small and mid-cap stocks are referred to, is not as much linked to earnings, an expert said. "The bigger reason here is liquidity rather than earnings growth momentum," said Vinay Jaising, chief investment officer and head of e...