In 2020, the Securities and Exchange Board of India (SEBI) issued a diktat asking fund houses to make their multi-cap schemes true-to-label. They were asked to invest at least 25 percent of their assets each in large, mid and small-cap stocks. There was no such restriction earlier. Later SEBI allowed fund houses to have a new flexi-cap category with no rigid market capitalisation based investment mandate.
Can the defence sector continue firing after 100% gains?
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