SEBI clarifies its mandate multi cap fund rules
Sep 14 2020
News Category: Industry Update
In the context of SEBI’s recent mandate on multi cap funds, the capital market regulator clarified that apart from rebalancing the portfolio in the multi cap schemes, the mutual fund houses can inter-alia facilitate switch to other schemes by unitholders, merge their multi cap scheme with their large cap scheme or convert their multi cap scheme to another scheme category, for instance large and mid-cap schemes.