SEBI has introduced a new Flexi-cap fund under the equity scheme to bring an end to the distress regarding the recent change in multi-cap funds. Of the total asset, the Flexi-cap funds should have a minimum investment of 65% in equity and equity-related instruments across large, medium, and small-cap stocks.

 

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According to SEBI, unlike the multi-cap funds, this new category will have the flexibility in investing as much as it wants across market cap stocks. Mutual Funds also have the option to convert an existing scheme into a Flexi cap fund subject to compliance with the change in fundamental attributes of the scheme.

SEBI also mentioned that for the ease of identification for the investors, and to bring uniformity in the names of schemes for a particular category across the Mutual Funds, the scheme's name should be the same as the category's.

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