SEBI Mutual Fund Stress Test: Is Your Small-Cap Fund a Liquidity Trap?
There is froth in small and mid-cap spaces… there are pockets of irrational exuberance in the market. It may not be appropriate to allow that froth to keep building.” — Madhabi Puri Buch, Chairperson, SEBI (March 11, 2024) Imagine this. You have been investing patiently in a small-cap mutual fund for two years. Your portfolio…