India industry body asks mutual funds to limit flows in mid- and small-cap funds – letter

The Association of Mutual Funds in India (AMFI) an industry body for asset managers, on Tuesday asked members to moderate inflows into small and mid-cap funds to protect investors, after strong inflows raised concerns of a potential crash. It came following a communication from India's market regulator. Small and mid-cap funds have seen high inflows, causing concern among authorities about how they would hold up in the event of a sharp market selloff.