News From Press Flexicap mutual funds: How they can help your portfolio, tax implication

Flexicap mutual funds: How they can help your portfolio, tax implication

Source: Mint Jul 5, 2021

SEBI had issued a Circular on 6th October 2017 to standardize scheme under various categories as well as to bring in uniformity in the characteristics of similar type of schemes. Under this circular, SEBI had prescribed a limit of minimum of 65% of total assets to be invested by a multicap fund in equity products. However, post implementation, SEBI observed substantial assets if many multicap Fund were invested in large cap companies.

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