A day to forget for small-caps as markets plunge

A day to forget for small-caps as markets plunge

Indian equities plunged on Wednesday in the backdrop of regulatory alerts and valuation concerns, with smaller stocks bruised the most. Indian equities plunged on Wednesday in the backdrop of regulatory alerts and valuation concerns, with smaller stocks bruised the most. The Nifty 50 fell 1.5% to 21,997.70 points, while the S&P BSE Sensex fell 1.2% …

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ICICI Pru AMC suspends lumpsum investments in its midcap and smallcap funds

ICICI Pru AMC suspends lumpsum investments in its midcap and smallcap funds

New Delhi: ICICI Prudential Asset Management Company has suspended fresh subscriptions through lumpsum mode and switches into ICICI Prudential Smallcap Fund and ICICI Prudential Midcap Fund effective 14 March. The move by ICICI Prudential AMC is in response to heavy flows in the midcap and smallcap categories, resulting in these outperforming largecap stocks and stretching …

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