The scorching rally in Reliance Industries Ltd.’s shares is becoming a problem for India’s fairness mutual cash.
The stock has additional than doubled from a March low, many thanks to Chairman Mukesh Ambani’s fundraising blitz. The run up has enhanced the company’s weighting in the S&P BSE Sensex to seventeen.four for every cent, from eleven for every cent at the conclusion of 2019.
Money professionals have strike a regulatory wall due to the fact of the surge. They simply cannot buy additional of India’s most valuable firm as actively-run strategies are not permitted to own additional than ten for every