Stress Test Result: 28 Days Required To Liquidate 50% Of Axis Small-Cap Portfolio
Axis Mutual Fund Midcap Fund and Axis Mutual Fund Life Small Cap Fund have approximately Rs 44,852 crore worth of assets under management.
Axis Mutual Fund said on Friday that it would take 28 days to liquidate 50% of the portfolio of its small-cap fund and 14 days to liquidate 25%, based on the AMFI's prescribed methodology to test liquidity.
The mutual fund disclosed that it would take 12 days and six days respectively to liquidate 50% and 25% of its midcap scheme portfolio, according to a release.
The disclosure on the mid- and small-cap schemes is based on a notice sent by the Association of Mutual Funds in India to mutual fund trustees at the behest of the Securities and Exchange Board of India, amid concerns on valuations and rally in the small-cap stocks. The disclosure is meant to inform investors about potential risks.
Axis Mutual Fund Midcap Fund and Axis Mutual Fund Life Small Cap Fund have approximately Rs 44,852 crore worth of assets under management. The top 10 investors collectively own 1.34% of the mid-cap scheme and 1.17% of the small-cap scheme.
