Morning Market Quote from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
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Below the morning view on the market from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
A significant development is the communication from SEBI to AMFI suggesting that mutual funds set up a framework for protecting investors in mid and small cap funds. Sustained flows of retail money into these funds have made their valuations excessive and difficult to sustain. More mid and small cap funds are likely to impose restrictions on lump sum investments into the mid and small cap schemes. This will benefit the large caps which are relatively fairly valued now. The correction in the broader market is likely to continue."
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