ICICI Prudential suspends fresh lump-sum investments in small and mid-cap funds due to heavy inflows and high valuations.
ICICI Prudential Asset Management Company suspends fresh lump-sum investments in its small and mid-cap funds due to heavy inflows and stretched valuations. The Nifty Midcap 150 Index and Nifty Smallcap 250 Index have delivered impressive returns, but the Securities and Exchange Board of India has raised concerns about high valuations. ICICI Pru AMC allows SIPs and STPs to continue, but limits fresh SIP and STP registrations to ₹2 lakh per individual per month.
March 12, 2024
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