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ICICI Pru AMC suspends lumpsum investments in its midcap and smallcap funds
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₹2 lakh per individual per month. The SIP top-up facility will not be available for fresh registrations in these schemes from here on, the company said.
The Securities and Exchange Board of India has raised concerns about the high valuations of smallcap and midcap stocks, and suggested money managers to limit inflows in these schemes. This regulatory intervention is aimed at protecting investors' interests and ensuring the stability of the market.
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