ICICI Pru MF to reopen lump-sum investments

ICICI Prudential Mutual Fund will resume lump-sum investments in its small-cap fund on January 23, after previously limiting inflows due to stretched valuations. The fund house had warned of overvaluation in mid- and small-cap stocks, noting their market-cap growth outpaced profit share. Valuations have since cooled, though many still consider them elevated.