Consistent, High Inflows Observed in Smallcap & Midcap Categories Since FY20
Source: Fisdom Research. Portfolio data as of January 2024. Nifty midcap 150 & Nifty Smallcap 250 have been considered.Data Source: CMIE, Funds sorted by AUM
Some Of Them Have Started Implementing Corrective Measures
We expect more to follow suit
Fund House
Changes to Investment Options
Effective Date
Restrictions
Exceptions
Nippon India MF
Stopped accepting lump sums and switch-ins for Small Cap Fund
7-Jul-23
No new lump sum or switch-in investments allowed
Existing SIPs, STPs before July 7, and new SIPs, STPs up to Rs. 5 lakh per day per PAN; Dividend reinvestment allowed
Tata MF
Temporarily suspended lump sum or switch-in for Small Cap Fund
1-Jul-23
No new lump sum or switch-in investments allowed
Existing SIPs, STPs unaffected; New SIP, STP registrations, redemptions, SWP, and switch-outs allowed
Kotak Mutual Fund
Restrictions on investing in small cap scheme
4-Mar-24
Lump sum investments capped at ₹2 lakh per month; SIP investments capped at ₹25,000 per month
Not specified
SBI Small Cap
Stopped lumpsum investments
Sept-20
Stopped Accepting Lumpsum Investments
Allowed investments through STP/SIP from May 2018 with a cap of Rs.25,000 per installment per PAN
While The Invested Universe For The Midcap Category Has Grown Reasonably, The Same Has Grown At A Much Faster Pace For The Smallcap Category
Source: Fisdom Research. Portfolio data as of January 2024, Data Source: Accord Fintech, AMC Website
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