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“Broadly we should be somewhere around one-third, one-third in large and smallcap category and somewhere around 25-26% in midcap categories as of last month. Sector-wise, one should look at it more from the B2B versus B2C and so on. The financial services sector is high, 25% plus. Sectors in the B2B or manufacturing part of the economy are more in auto, auto accessories.”
They included Abu Dhabi Investment Authority, Carmignac Portfolio, Loomis Sayles, and Neuberger Berman. Domestic investors such as Axis MF Aditya Birla Sun Life MF, ICICI Prudential MF, SBI MF and HDFC MF also participated
In a consultation paper that SEBI issued on May 20, it has proposed setting up of internal surveillance systems in mutual fund houses to catch fraudulent activities. It wants fund houses to be more pro-active
The Securities and Exchange Board of India’s ensuing investigation has revealed a maze of connections created by Joshi to perpetrate the front-running.
Both the funds will be benchmarked against the LBMA Silver daily spot AM fixing price and the subscription for the NFOs are open till September 15.