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Inflows into small-cap mutual funds hit a record high in June, reaching ?5,472 crore, according to the Association of Mutual Funds in India (AMFI).
SBIUS is an open-ended fund of funds scheme investing in mutual fund scheme or ETFs that invest in US markets. It manages assets worth Rs 788 crore and has given 15.98 percent returns in one year, as of July 4.
Nippon India Life Asset Management has announced that it will not accept lump sum investments into Nippon India Small Cap Fund (NISC) from July 7. The restriction will also apply to switch in transactions. NISC is the largest small cap fund in the mutual fund industry with assets under management of Rs 31,945 crore.
Small-cap funds in India have seen a surge in investor interest and inflows over the past six months, driven by strong returns and the rebounding market
ENB is an open-ended scheme tracking Nifty Bank Index and ELM250 is an open-ended equity scheme replicating Nifty LargeMidcap 250 Index managing assets worth Rs 2 crore and Rs 50 crore respectively as on June 30, 2023. The record date for the merger is August 7, 2023.