Nilesh Shah recommends new category to Sebi amid tweaks in multi cap fund rules

Nilesh Shah, Chairman Amfi and Managing Director, Kotak Mahindra Mutual Fund, has requested Sebi to form a new category, called 'flexi cap' to avoid huge disturbance in the existing multi cap funds amid new portfolio allocation rules. Nilesh Shah discussed the option with distributor partners afew days ago where he said, "We will request them (Sebi) to consider creating a Flexi Cap category within or outside multicap category to ensure that minimum portfolio disturbance happens while complying with the True to Label for Multicap Funds."

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