The decision, driven by a few considerations, was communicated by the Securities & Exchange Board of India (SEBI) in a January 24 email to the fund custodians – banks and institutions who keep custody of securities and act as bookkeepers of the FPIs – three persons aware of the matter told ET.
12 smallcap stocks that mutual funds exited in October
According to AMFI, companies ranked from the 251st position onwards in market capitalization are considered small-cap companies. Here are the small-cap stocks from which mutual