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A Matter of Caps!

A Matter of Caps!


Recently SEBI modified its asset allocation rules of multi-cap mutual funds under the pretext that the existing funds under this category are not ‘true to label’. This has created quite a bit of confusion among investors and mutual fund houses instead of clarity. Further, it comes merely three years after a complete overhaul was undertaken by the regulator to categorise and rationalise mutual fund schemes. Looking at the current structure and allocation of the equitydedicated mutual funds, I find that the purpose with which this category was launched is being defeated. 

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