Saturday, January 02, 2021

SEBI - Flexi Cap with old definition of Multi Cap

Few months back, I wrote criticizing SEBI for restricting Multi Cap Mutual Funds.

Recently, SEBI introduced new type of Mutual Fund, "Flexi Cap". The definition of "Flexi Cap" is same as old "Multi Cap".

They could have left the Multi Cap as it is, and created a new fund with the present definition of Multi Cap.

Instead they changed the definition of Multi Cap, and (after the industry cried over it) they created a Flexi Cap with the old definition of Multi Cap.

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