Select smallcap mutual funds with assets under management (AUM) of less than Rs 550 crore have managed to deliver handsome alpha to investors despite unfavourable economic conditions over the past one year. This segment has been buzzing over the past few weeks ever since the market regulator Sebi tweaked the investment rules for multicap mutual funds, mandating them to invest in smallcap stocks in equal proportion as that in largecaps and midcaps.
Where do HNIs in India prefer to invest these days?
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