Fund managers believe that the regulatory advisory on smallcap funds will not have an impact on the broader markets but will improve transparency in the mutual fund space. However, they suggest that investors be cautious in this space as valuations are not cheap.
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We would advise you to consolidate your small cap schemes as there are three schemes in the portfolio and to stop your SIPs in SBI Small Cap and Axis Midcap and consolidate the SIPs in Nippon India Small Cap Fund