Limited (PersonalFN) is an independent Mutual Fund research house and SEBI Registered Investment Adviser(Reg. Legal Disclaimer : Quantum Information Services Pvt. Under the new category and name these funds will continue to follow their current investment strategy as it offers complete flexibility for the fund while investing across market cap segments.Ĭopyright © Quantum Information Services Pvt. In our view, the recategorization of these Multi Cap Funds to Flexi Caps will not have any significant impact on the way these funds are managed. Source: Notice & Addendum’s released by the respective AMCs Here is the list of Multi Cap funds that have announced the change in their categorization to Flexi Cap Funds: The new provision will be effected in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the scheme under the relevant section and will come into effect from January 30, 2021. It will hold 65% to 100% of its assets in Equity & Equity related instruments (across large, mid and small cap companies), whereas 0% to 35% of its assets can be held in Debt & Money Market instruments. Hence putting minimum investment condition across market cap segment.Īfter categorization under Flexi Cap funds, Aditya Birla Sun Life Flexi Cap Fund will have the freedom to invest across large cap, mid cap, and small cap stocks in any proportion. However, in September 2020, the SEBI had defined new rules for multi-cap funds, which are required to invest at least 25% of the corpus each in large cap, mid cap and small-cap stocks. The investment objective of the scheme will be ‘to generate long term growth of capital, through investment in equity & equity related instruments across market cap (large, mid & small) companies.’Īditya Birla Sun Life Equity Fund was till now categorized as a Multi-cap Fund, where earlier it had the freedom to invest across market capitalizations and sectors based on the view of the fund manager. It will be positioned as an open ended dynamic equity scheme investing across large cap, mid cap, and small cap stocks. With effect from January 30, 2021, the fund will be recategorized into a newly introduced Flexi Cap Funds category, and has will be renamed as ‘Aditya Birla Sun Life Flexi Cap Fund’.
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