Three years ago, Sebi created a separate category for multi-cap funds. While these are similar to flexi-cap funds in that both invest across the market-cap spectrum, the key difference is in the relative exposure to large-cap, mid-cap and smallcap stocks. To ensure a ‘true to label’ positioning, multi-cap funds were required to park a minimum 25% of the corpus in each of the three market-cap segments.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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