ICICI Prudential AMC to stop fresh/additional investments into mid and small-cap funds from March 14
The frothy valuations in the mid-and small-cap segments have been the talking point in the financial ecosystem for quite some time. Sebi, in February, sounded the alarm and directed mutual fund regulatory body AMFI to take some pressing steps to prevent the potential damage.
Earlier, Sudip Bandyopadhyay of Inditrade Capital Limited, on Sebi's move, said that the step was timely and appropriate.