The second batch of mutual fund stress-test results showed a small improvement in the overall liquidity positions of small-cap funds, as it would take an average of 13.74 days as of March end against 14.03 days in the previous month, to liquidate half of the portfolios of such schemes.
Asset management companies (AMCs) have to disclose data on liquidity, volatility, valuation and portfolio turnover in respect of mid-cap and small-cap equity schemes within the 15th of each month.
While the overall liquidity stance of small-cap schemes is largely in line with the previous results, there are some notable changes at the scheme level.
