Mutual Funds returns - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Mutual Funds returns - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The other fund houses to limit/discontinue subscriptions in smallcap schemes are Kotak Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund and Tata Mutual Fund.
Indian shares look set to open on a flat note Wednesday amid mixed catalysts. Data showed overnight that U.S. inflation continued to ease but much of core inflation remains sticky, effectively closing the door on the possibility of a Federal Reserve interest-rate cut before June.
Earlier, Nippon, Tata and SBI MFs put restrictions on lump sum investments in their small-cap schemes, as high valuations and strong flows make it challenging for fund managers to deploy money. But ICICI will be the first fund house to restrict lump sum investments in a mid-cap fund.