News From Press MF investment universe witnesses sizeable churn due to corporate defaults

MF investment universe witnesses sizeable churn due to corporate defaults

Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced, shows the latest data from the Association of Mutual Funds in India

Business Standard Jul 23, 2019

The large- and mid-cap universe for equity mutual funds (MFs) is undergoing a sizeable churn, following a volatile first half of 2019 marred by corporate defaults and slowdown in the automobile sector. Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced, shows the latest data from the Association of Mutual Funds in India (Amfi).

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