SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/172 dated 11.09.2020

The SEBI has taken out another circular, in light of it’s aim to correctly categorize and label Mutual Funds. They have stated that to be termed/categorized as a Multi Cap Mutual Fund, Managers of the same will have to invest a minimum of 25% assets in Large-Cap, Mid-Cap and Small-Cap companies each. Such changes need to be implemented till the 31st of January 2021.