The stress in the small- and mid-cap mutual fund schemes have increased ever since the market started crashing in September, with the number of days to liquidate portfolios lengthening.
The number of days taken by Axis Small Cap and DSP Small Cap funds to dilute 50 per cent of its portfolio have jumped to 29 days and 53 days last month against 19 days and 35 days in September, as per the latest stress-test result announced by the Association of Mutual Funds in India (AMFI).
