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AMFI Advises Fund Houses to Protect Interests of Investors After SEBI Raises Concern Of Froth Building In Small And Midcap Segments
According to an update from AMFI, the industry body has asked mutual funds to put in place safeguards to protect the interests of all investors in mid- and small-cap funds. Amfi sent this letter after markets regulator Securities and Exchange Board of India (Sebi) raised concerns of "froth building up in small and midcap segments" amid continuing flows in mid- and small-cap funds.