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Committed to follow SEBI's new norms on multi-cap MF schemes: Amfi

'Given the flexibility now offered by Sebi to facilitate switch to other schemes or merger of schemes, the appropriate portfolio changes will accordingly happen in an orderly fashion,' the industry body said in a statement issued on late Sunday.

September 15, 2020 / 06:17 PM IST





Industry body Amfi has said it is committed to follow market regulator Securities and Exchange Board of India’s (Sebi) new regulation on multi-cap mutual fund schemes.

'Given the flexibility now offered by Sebi to facilitate switch to other schemes or merger of schemes, the appropriate portfolio changes will accordingly happen in an orderly fashion,' the industry body said in a statement issued on late Sunday.

The Association of Mutual Funds in India (Amfi) has welcomed Sebi's clarification on multi-cap schemes, which is important for the orderly functioning of the market, as street had started anticipating huge flows in small and mid-cap stocks over next couple of months from the multi-cap schemes.

The industry body said it is grateful to the market watchdog for its open door policy for a dialogue and will gather feedback from members and revert for non-disruptive execution of multi-cap funds portfolio balancing.