Stay updated with breaking news from Multi Cap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
After the introduction of the new flexi cap funds category, asset managers are rushing to launch new offers to fill product gaps created from the ensuing repositioning.
December 11, 2020 × Kotak Mutual Fund has moved SEBI to reclassify its existing Kotak Standard Multi Cap with asset under management of ₹33,000 crore to newly formed flexi category. The multi-cap fund has hogged limelight ever since market regulator SEBI had issued new norms in September. The new norms had mandated the existing multi-cap funds to invest a minimum of 25 per cent each in large-, mid- and small-cap stocks. All the existing multi cap funds should ensure compliance with the new norms by January-end, a month after the Association of Mutual Funds of India publishes the new catego...