SEBI introduced one of the worst rules for the Mutual Funds. It is expecting multi cap mutual funds to have minimum 25% of the assets in each of the large cap, mid cap and small cap. Anybody who has little bit brain and maths knowledge can understand that, it is very very difficult for small caps to match the large caps. After the categorization of the mutual funds couple of years back, Multi Cap is the only type, where AMCs can invest in any stock they want. With this restriction, there is no type, where AMCs have full freedom to choose the stocks. Are we going back to Pre-1991 days?
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