Markets regulator Sebi on Sunday evening said it was open to discussions with the mutual fund (MF) industry for a smooth transition for multi-cap funds to rejig their portfolio so that these schemes “achieve the desired objective of true to label and appropriate benchmarking”.
The market regulator’s clarification came on the back of its Friday order that said, by January 2021, all multi-cap funds should have at least 75% of its corpus in equities — up from 65% earlier — to be equally i ..
