The Securities & Exchange Board of India, on Nov 6, has introduced a new category of the fund – Flexi Cap Fund under Equity schemes.<\/p>\n
The Flexi Cap Fund will be in line with erstwhile Multi Cap funds and the fund manager can invest across large-cap, mid-cap, small-cap stocks and has to take equity exposure of a minimum 65% of the total assets.<\/p>\n
This decision comes after the Mutual Fund Advisory Committee (MFAC) recommended the market regulator to give more flexibility to fund managers to maneuver across market capitalisation.<\/p>\n
Prior to this circular, SEBI had asked fund houses to invest at least 75% of the total corpus across market capitalisation with at least 25% exposure each to large-cap, mid-cap, and small-cap stocks.<\/p>\n
The market regulator has given an option to fund houses to either launch new Flexi Cap schemes or to convert existing schemes into a Flexi Cap fund which is subject to compliance of required conditions under the MF regulations.<\/p>\n
The fund houses will have to use Flexi Cap nomenclature in their scheme, which means that the scheme\u2019s name has to be \u201cXYZ Flexi Cap Fund.\u201d<\/p>\n
As per some news reports, Nilesh Shah, MD Kotak Mutual Fund said that Kotak Standard Multi Cap Fund will be renamed as Kotak Standard Flexi Cap Fund subject to regulatory approvals. A few other mutual funds may also follow the suit.<\/p>\n
But in such a case investors would get a 30-day exit window, wherein any investor can exit from the fund without any exit load as per regulations of fundamental attribute change.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Securities & Exchange Board of India, on Nov 6, has introduced a new category of the fund – Flexi Cap Fund under Equity schemes. The Flexi Cap Fund will be in line with erstwhile Multi Cap funds and the fund manager can invest across large-cap, mid-cap, small-cap stocks and has to take equity exposureContinue reading “SEBI Adds Flexi Cap Fund Category In Equity Fund basket”<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":1340,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/1346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=1346"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/1346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/1340"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=1346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=1346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=1346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}