The move comes after the
Securities and Exchange Board
of India (Sebi) raised concerns
about the build-up of froth in
the midcap and small cap space. The regulator had suggested mutual funds take
measures like putting restrictions on investments to safeguard investors.
SBI Mutual Fund, Nippon
India Mutual Fund, Tata
Mutual Fund, and Kotak
Mutual Fund have also placed
restrictions on lump sum
investments in small cap funds.
ICICI Prudential MF said it
is placing restrictions considering the elevated valuations. In
a note, the fund house added
that investment through SIPs is
the right approach in the current scenario.
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