The Securities and Exchange Board of India vide its notification dated 11th September 2020 has decided to partially modify the scheme characteristics of Multi Cap Fund, in order to diversify the underlying investments of Multi-Cap Funds across the large, mid and small cap companies.
It has now revised that there will be a minimum 75% equity exposure with 25% in large cap companies, 25% mid cap stocks and 25% small cap stocks. Further all the existing Multi Cap Funds shall comply with the above provisions within one month from the date of publishing the next list of stocks by AMFI, i.e. January 2021.
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