Page 3 - Midcap Fund News Today

Indian shares look set to open on a flat note Wednesday amid mixed catalysts. Data showed overnight that U.S. inflation continued to ease but much of core inflation remains sticky, effectively closing the door on the possibility of a Federal Reserve interest-rate cut before June.

Earlier, Nippon, Tata and SBI MFs put restrictions on lump sum investments in their small-cap schemes, as high valuations and strong flows make it challenging for fund managers to deploy money. But ICICI will be the first fund house to restrict lump sum investments in a mid-cap fund.

Indian shares fell sharply on Wednesday, with Fed rate cut uncertainty and ongoing selloff in the mid-cap and small-cap space keeping investors nervous. U.S.

ICICI Prudential Mutual Fund suspends fresh subscriptions in lumpsum mode and switches into Smallcap and Midcap Fund from March 14. Trustees have temporarily discontinued subscriptions to the schemes. The ongoing SIP/ STP/Special Product registered prior to the effective date will continue in the midcap and smallcap schemes.

ICICI Prudential MF said it is temporarily suspending fresh subscriptions in the schemes because midcap and smallcap stocks have relatively outperformed the large-caps resulting into high valuations.

As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that will invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.

These smallcap schemes could be at risk as they have lesser exposure to large stocks, cash and cash equivalents (including T-bills), and higher exposure to stocks from the Nifty Microcap 250 Index

Investing in mutual funds is popular for long-term growth and diversification. Factors like reputation, scheme category, and market performance influence investors decisions. Here are top-performing mutual funds based on one-year returns.

Large cap, mid cap, and value funds are the best mutual funds to invest in 2024 based on their past one-year returns.

Franklin India Prima Fund, the oldest scheme in the mid cap category, failed to beat its respective benchmark in the seven year horizon.