Apart from the mandated allocation of 65 percent in smallcap stocks, smallcap mutual fund schemes can deploy the remaining corpus in midcap and largecap stocks, or hold it in cash. Per the latest data, the smallcap category ploughed 72 percent into smallcap stocks, 14 percent into midcaps, five percent towards largecaps, and held 9 percent in cash.
Mutual fund industry seeks increase in overall overseas limit
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