Financial planners and distributors will not make a lumpsum or fresh allocations to existing schemes in the multicap category until there is clarity on what fund houses plan to do with multi cap schemes to comply with the new Sebi rule.
“We will not recommend multicap funds till clarity emerges. We will allocate money to other categories such as a mix of large, large and mid, or small cap based on investor needs,” says Amol Joshi, Founder, Plan rupee Investment services.
