FY21 has turned out to be one of the most unpredictable years for everyone. Equity markets worldwide have seen a major rally. During FY21, Nifty-50 returns of 71 per cent outperformed the MSCI World Index (up 51 per cent) and MSCI Emerging Market Index (up 55 per cent). Within India, the BSE Small Cap Index has smartly outperformed both the Nifty-50 and Nifty Midcap 100 Index by its 115 per cent returns during FY21 (Vs 71 per cent of Nifty-50 & 102 per cent of Nifty Mid Cap 100 Index). In sectors, BSE Metal index has outperformed all other Indices in FY21 with returns of 151 per cent followed by BSE Industrials Index (up 123 per cent) and BSE Auto (up 107 per cent). BSE FMCG was the worst-performing sector in FY21 with 26 per cent return.