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Raamdeo Agrawal on revised multi-cap fund rules: Best to opt for new 'flexicap' category

SEBI on September 11 said multi-cap funds are required to invest at least 25 percent each in large-cap, mid-cap and small-cap stocks.

September 14, 2020 / 09:08 PM IST

After the revised guidelines on multi-cap funds, Motilal Oswal Chairman Raamdeo Agrawal said the best option is to go for a new category called "flexicap" to accommodate existing funds.

Securities and Exchange Board of India (SEBI) on September 11 said multi-cap funds are required to invest at least 25 percent each in large-cap, mid-cap and small-cap stocks.

Speaking to CNBC-TV18, Agrawal said fund managers should be given flexibility in their allocation.

He added that large caps are doing well considering the current status of the Indian economy. According to Agrawal, there should be two categories of funds - large-cap and non-large cap.