Several fund houses have declared the results of the stress test for their small-cap and mid-cap funds on March 14 evening. The Association of Mutual Funds in India (AMFI) had directed fund houses to conduct stress test on their mid- and small-cap schemes based on last month data and disclose the findings before March 15.
The move comes on the back of market regulator SEBI’s concern over froth in these schemes amid relentless flow despite large fund houses restricting inflows due to lack of investment opportunity at right valuation.
