Around 78% of smallcap mutual funds in India outperformed their benchmarks in the past year, with 21 out of 27 funds exceeding expectations. Top performers included Bank of India Small Cap Fund and Invesco India Smallcap Fund. However, six funds, including Baroda BNP Paribas Small Cap Fund and Quant Small Cap Fund, failed to beat their benchmarks.
Sebi revises reporting norms for AIFs, introduces annual activity report
Sebi has revised the reporting framework for Alternative Investment Funds, replacing detailed quarterly submissions with a comprehensive annual report, reducing compliance burden, improving ease of