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.
Can the defence sector continue firing after 100% gains?
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