Mutual fund investors have earned impressive returns of up to 960% in the last 10 years of the Modi government. Around 195 equity schemes were analyzed, with top performers including Nippon India Small Cap Fund and SBI Small Cap Fund.
Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here.
In early March, alarmed by the flood of money rushing into small-cap funds, after a massive one-year bull run, the market regulator asked mutual funds to consider moderating flows and rebalancing portfolios since the flows could make the market frothier.
Awfis early trades on the NSE, had hit a high of Rs 451.45 apiece. Stock exchange data shows, Awfis IPO closed on May 27, receiving bids for more than 936.8 million shares against the 8.62 million shares on offer.