An ad for Mutual Funds displayed at a business stop in Mumbai. (Source: Sagar Salvi/NDTV Profit)
All asset management companies with small- and mid-cap schemes must undertake stress testing of their portfolios at the earliest, according to two senior industry executives aware of the matter.The market regulator doesn't see any systemic issues but wants stringent monitoring of schemes for potential risks.The move follows the Securities and Exchange Board of India communicating with the mutual fund industry body, the Association of...