THE MID AND SMALL-CAP indices took a significant knock on Wednesday, as regulatory concerns around their valuations gained ground amid investors. In addition, there was talk that some fund houses could be pruning their holdings to have enough cash in hands to meet any redemption pressure.
The S&P mid-cap index fell 4.20% while the S&P small-cap index fell 5.11%- the biggest single-day fall in percentage terms in two years. Since the regulatory noise about the 'froth' in these segments started gathering steam in the last week of February, the midcap index has lost over 5% while the small-cap index has lost almost 12%. On February 27, the Association of Mutual Funds in India (Amfi) wrote to fund houses to have a policy that would take proactive measures not just limited to moderating inflows and portfolio rebalancing.
Esta historia es de la edición March 14, 2024 de Financial Express Mumbai.
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