Both funds spread your money across large, mid and small companies, but the way they do it — and the kind of investor they suit — is quite different.
SEBI’s new definition of the new flexi-cap category makes it effectively similar to the original avatar of multi-cap funds
Fund houses get their request fulfilled, as the move would allow existing multi-cap schemes to be run with just a name change
SEBI wants to make risk-management of debt schemes more robust, in light of recent redemptions pressures
The industry will make representation to regulator to avoid disruptions in managing multi-cap funds