he biggest fund in the large and midcap category — the Mirae Asset Large and Midcap Fund — has removed restrictions on fresh investments in the scheme after a period of four years, starting August 1st.
While investments via systematic investment plans (SIPs) were allowed, there was a limit of Rs 25,000 per month. But now investors can invest any amount in the scheme. Since the initial restriction in November 2020, which limited monthly SIPs to Rs 2,500 (later increased to Rs 25,000 in October 2023), Indian equities have experienced substantial growth.
