The mutual fund (MF) industry recorded its first outflow in smallcap schemes after a gap of 30 months and investors are now waiting for the results of the second round of the Sebi-mandated stress test results due by April 15.
Leading to outflow in smallcap funds following warnings of froth by Sebi, asset management companies (AMCs) announced the first such stress test result on March 14-15 mentioning the number of days they will require to liquidate 50% and 25% portfolio of their mid-cap ..