WITH growing concern over massive inflows into midand small-cap funds, the Securities and Exchange Board of India (SEBI) asked the mutual funds to do a stress test on these schemes.
The stress test exercise was necessarily made to be done by the mutual funds to see if they face large redemptions pressure, how long will they take to pay the money to their investors. The mutual fund houses have reiterated that the stress test is not new, and that they have been doing it internally without making it public. Some industry insiders have blamed the Sebi diktat to make the stress test result public for creating panic in the market.
A tell-all exercise
The stress test ordered by the Sebi and which is available for all investors to see on the website of Association of Mutual Funds in India (AMFI) turned out to be much more than just disclosure of the fact how long -the small and mid-cap schemes would take to liquidate all their holdings. The stress test results show in 16 columns -- how the funds have performed on five broader categories namely asset under management, time to liquidate the portfolio, market-cap concentration, volatility and valuation.
Bu hikaye The New Indian Express dergisinin March 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The New Indian Express dergisinin March 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
COALITION AND CONTINUITY IN MODI
However, the Modi 3.0 government will have to take its coalition partners along.
Representation from across states, sections, and classes
PRIME Minister Narendra Modi's new cabinet reflects a pan-India presence as it has representation from across 24 states and Union territories.
NCP rejects MoS rank, insists on cabinet berth
NATIONALIST Congress Party (NCP) on Sunday turned down the BJP's offer to make its leader Praful Patel a minister of state with independent charge in the new NDA government.
Stalin seeks support to end NEET, shares report in 9 languages
AMID nationwide opposition to NEET due to allegations of irregularities, Chief Minister MK Stalin on Sunday reached out to other states for support to end NEET by sharing the translated copies of the report of the Justice A K Rajan committee in nine languages in a post on his 'X' handle.
Terrorists open fire at bus with pilgrims in J&K, 9 dead
AT least nine persons were killed and 43 injured when a bus carrying pilgrims plunged into a gorge after coming under terrorist fire in Jammu and Kashmir's Reasi district on Sunday evening.
JEE-A topper scores 355/360
VED Lahoti from IIT Delhi zone topped this year's Joint Entrance Exam-Advanced (JEE Advanced) scoring a record 355 out of 360 marks.
The Imprint of Climate Change on Art
Climate change is a global crisis having profound social, economic and environmental impact all over the world. The increasing number of natural disasters in the last decades has been an eye-opener to the impending crisis.
Mind Over Matter
What exactly is the mind? It is a subtle piece of equipment fitted within the gross body.
Money Matters
Actor Piyush Mishra, who reprises his role in the third season of web series Illegal, on why he chose films over theatre
MUCH ADO ABOUT NOTHING
FRESH from its electoral 'success' in the recently concluded parliamentary elections, Congress leader Rahul Gandhi launched an attack on the BJP and its leaders for facilitating 'manipulation' of the stock market in the run-up to the election results day.
