NEW DELHI : On the back of new fund offers (NFOs), monthly inflows into equity-based funds surged to a 23-month high of Rs 26,866 crore in February 2024. However, there was a sequential decline in mid-cap and small-cap fund inflows amid increased liquidation by asset management companies (AMC) over hefty valuation concerns. Inflows into the mid-cap schemes fell 12% to Rs 1,808 crore in February as against Rs 2,061 crore in January. Last month, Sebi told mutual funds (MFs) to frame a policy to protect the interest of investors following a sell-off in small, midcap, and microcap stocks. The AMCs are now required to disclose the results of stress tests for small and mid-cap schemes by March 15 each year.

Source: Indian Express March 09, 2024 02:16 UTC