The small cap fund category had the lowest percentage of underperformance.

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📌 Dhruv Mehta, President, FIFA India has been appointed as a member of SEBI's MF Advisory Committee.
⭕️ Debt Ranking: SBI MF overtakes HDFC MF for the top spot
📌 AMFI aims to onboard 5000 new distributors through MFD apprentice program
⭕️ New Delhi, Goa and Maharashtra have the highest average AUM per folio
📌 64% equity schemes underperformed their benchmarks in five years
⭕️ The small cap category had the lowest percentage of underperformance. Only around 7% small cap schemes underperformed their respective benchmarks.
📌 Sebi has extended the timeline till June 8 for submitting public comments on the proposed sweeping changes to mutual fund's expense ratio

⭕️ The Sebi chairperson said Amfi should establish an ethics committee to take action against individuals engaging in misconduct

📌 NFO : ITI Focused Equity Fund , Kotak Nifty 200 Momentum 30 Index Fund, Mirae Asset Silver ETF, NJ ELSS Tax Saver Scheme, quant BFSI Fund,UTI Nifty50 Equal Weight Index Fund, UTI S&P BSE Housing Index Fund

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data compiled from #cafeMutual #EtMutualFund #ValueReserch #MorningStar ( Till 04/06/2023 )
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