SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • News From Press MFs gear up to meet SEBI norm on classification

    MFs gear up to meet SEBI norm on classification

    Source: Business Line Dec 15, 2017

    Some of the mutual fund houses are merging schemes and restricting inflows into small- and mid-cap funds even as they prepare to meet the new SEBI regulation on classification of schemes by end of this month.

    In October, the regulator issued a circular directing the MFs to group their equity schemes under large-, mid- and small-caps based on market capitalisation of the stocks the scheme has invested.

    For instance, an equity large-cap fund will consist of at least 80 per cent large-cap stocks defined as the top 100 companies in terms of market capitalisation. Similarly, mid-cap fund will have at least 65 per cent investment in mid-cap stocks that are ranked between 100 and 250 in market-cap, while small-caps would cover all other companies.

    Click here to read more>>

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.