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CIRCULAR SEBI/HO/IMD/DF3/CIR/P/2020/228 November 06, 2020 All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Board of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI) Sir / Madam, Subject: Introduction ofFlexi Cap Fundas a new category under Equity Schemes 1. SEBI vide circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 06, 2017, has issued guidelines regarding categorization and rationalization of Mutual Fund S
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FAQ :
A Flexi Cap Fund is a new category of open-ended dynamic equity scheme that can invest across large, mid, and small-cap stocks, with at least 65% of its total assets in equity and equity-related instruments.
The Flexi Cap Fund category has been introduced by the Securities and Exchange Board of India (SEBI).
Flexi Cap Funds must invest a minimum of 65% of their total assets in equity and equity-related instruments.
Yes, mutual funds have the option to convert an existing scheme into a Flexi Cap Fund, provided they comply with the requirements for changing fundamental attributes.
New schemes under the Flexi Cap Fund category can be launched with effect from November 6, 2020, the date of the circular.
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Source : https://www.sebi.gov.in/legal/circulars/nov-2020/circular-on-introduction-of-flexi-cap-fund-as-a-new-category-under-equity-schemes_48108.html