ICICI Pru MF Halts Lump Sum Investments in Mid, Small-cap Schemes

ICICI Prudential Mutual Fund announced it will halt lump sum investments in mid- and small-cap schemes from March 14, becoming the first to do so in the mid-cap category. This move follows concerns raised by Sebi chairperson about market “froth” favored by retail investors. ICICI will continue SIP and STP investments with a monthly limit of ₹2 lakh per PAN level per scheme.

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