SEBI’s concerns mount with flows into small/mid-cap funds

Inflows into small-cap funds have increased by 92 per cent in the first 10 months of this fiscal to ₹37,360 crore against ₹22,103 crore logged in the whole of last fiscal, leading to SEBI concern about a froth in the market.Apart from this, most small and mid-cap mutual fund schemes have enhanced cash holdings as they could not find an investment opportunity at the right valuation. Following the Securities and Exchange Board of India (SEBI) diktat, the Association of Mutual Funds in India (AMFI) has asked MFs to make more disclosures on these schemes and put in place a policy to protect investors interest in 21 days.

Click here for more