Quantum Long Term Equity Value Fund and Quantum ELSS Tax Saver Fund own shares in ICICI Bank and ICICI Securities. The fund house estimates that the merger will result in a net loss of at least Rs 6.08 crore to its unitholders.
The broader market has underperformed the S&P BSE Sensex marginally, this month. While S&P BSE Midcap Index has declined by -1.4% the S&P BSE Smallcap Index was down -0.74%. Auto, Banking & IT & power sectors stood out giving positive returns in an otherwise declining market.
'Strong rally continues in equity markets; mutual fund investors should stagger bets.' indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Mid and small cap MF investors need to tread with caution as equities trade at premium indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.