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Flexi Cap Fund Category Launched
Published: 3 years agoCategory:
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#MutualFund #FlexCapFund #BusinessNews #StockMarketLive #ShareMarketLive #SEBI SEBI introduces Flexi cap fund category as a new category under Equity Schemes SEBI has released a circular on the introduction of Flexi cap funds. Flexi cap funds can invest or rather should invest a minimum of 65 percent in equities. SEBI vide circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 06, 2017, has issued guidelines regarding the categorization and Rationalization of Mutual Fund Schemes. In order to give more flexibility to the mutual funds and taking into account the recommendations of the Mutual Fund Advisory Committee (MFAC), a new category named “Flexi Cap Fund” under Equity Schemes will be available with the following scheme characteristics. Flexi Cap Fund: The minimum investment in equity & equity related instruments 65% of total assets An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks The AMC shall ensure that a suitable benchmark is adopted for the Flexi Cap Fund. Multi Cap Funds Should Be Reclassified As 'Flexi Cap' Funds, Says AMFI To SEBI "Flexi Cap" Category Mutual Funds|SEBI launch New Mutual Funds Category|Multi Convert to Flexi Cap| SEBI ने Mutual Funds के लिए नई कैटेगरी बनाई Flexi Cap, जानिए क्या है खास
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