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Newbies in small and mid-cap space should invest for at least five years

With fund managers beginning to sound warning signals, it is best to be extra careful.

Recently, ICICI Prudential Asset Management decided to shut down two schemes run by its portfolio management services (PMS) arm. The two schemes are PIPE and Small Cap Portfolio Series 1. Together these funds will return around Rs 7 billion to investors. According to the asset management company, valuations within the small-cap space have become very expensive.

Several fund Houses has restricted inflows. Source: