Sebi's new diktat says multi-cap equity funds must invest a minimum of 75% in equities, up from 65%, with at least 25% each in large-caps, mid-caps, and small-caps
Sebi's new circular may lead to an avoidable churn in the market
As a result, a lot of multi-cap schemes' investment were skewed towards the large-caps
Those invested in YES Bank's Rs 15,000-crore follow-on public offering (FPO) had something to cheer last week
Clearly, these are unusual times. So, things need to be done differently
'We are positive on private-sector banks, both retail and corporate', said Mihir Vora, director & chief investment officer, Max Life Insurance
The investor should also be able to evaluate the quality of the promoter-his background, competence level, and even his hunger to make it big
The correction in this space, which began in January 2018, seems to have accelerated recently. Top fund managers advise retail investors to accumulate quality stocks and wait for the upturn
Large-caps gain, mid- & small-caps continue to disappoint
IGL, Indian Hume Pipe, LT Foods, Himatsingka Seide and Apar Ind are among 14 stocks hit record high in intra-day trade.
Analysts say shares of mid- and small-cap firms lost flavour following the sharp correction in the market in Jan and Feb due to concerns over global growth