[ad_1] New Delhi: ICICI Prudential Asset Management Company has suspended new subscriptions through lump sum mode and is shifting to ICICI Prudential Smallcap Fund and ICICI Prudential Midcap Fund from March 14. ICICI Prudential AMC’s move is a response to strong flows into the mid-cap and small-cap categories, causing these stocks to outperform large-cap stocks … Read more
[ad_1] Investors flocked to large-cap oriented mutual funds with an inflow of Rs 1,287 crore in January, making it the biggest fund infusion in 19 months, as a significant rise in small caps and mid-caps propelled them to record gains. This is a big turnaround after a net outflow of Rs 281 crore in December. … Read more
[ad_1] Paytm Bank fiasco: Mutual fund industry’s collective exposure to One97 Communication Ltd (Paytm) stands at $1,995 crore as of December 31, 2023, representing just 0.06% of the total equity assets under management (AUM), brokerage Fisdom Research highlighted in a recent note. In the report, the brokerage highlighted that out of 23 AMCs, only 19 … Read more