Kotak restricts flows into small-cap fund

Kotak Mutual Fund will restrict flows into its small-cap scheme from March 4, joining the likes of Nippon and Tata in limiting investments into this product category as elevated share valuations have made it challenging for fund managers to handle continuous flows. The fund house said in a notice that fresh subscriptions through lumpsums will be restricted for each investor to ₹2 lakh per month. Investments through systematic investment plans (SIPs) into this product also will be capped at 25000 per month.