Scribd Logo
Upload

Welcome to Scribd!

  • Securities and Exchange Board of India

    Uploaded by

    Ranjan Behera
    18 views2 pages
    1) SEBI has issued new guidelines for multi cap mutual funds to ensure that they diversify their investments equally across large, mid, and small cap companies. 2) Multi cap funds will now be required to invest at least 25% each of their total assets in large, mid, and small cap stocks. 3) Existing multi cap funds will need to comply with the new guidelines within one month of the next list of stocks being published by AMFI in January 2021.

    Original Description:

    Original Title

    1599822038650

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1) SEBI has issued new guidelines for multi cap mutual funds to ensure that they diversify their investments equally across large, mid, and small cap companies. 2) Multi cap funds will now be required to invest at least 25% each of their total assets in large, mid, and small cap stocks. 3) Existing multi cap funds will need to comply with the new guidelines within one month of the next list of stocks being published by AMFI in January 2021.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    18 views2 pages

    Securities and Exchange Board of India

    Uploaded by

    Ranjan Behera
    1) SEBI has issued new guidelines for multi cap mutual funds to ensure that they diversify their investments equally across large, mid, and small cap companies. 2) Multi cap funds will now be required to invest at least 25% each of their total assets in large, mid, and small cap stocks. 3) Existing multi cap funds will need to comply with the new guidelines within one month of the next list of stocks being published by AMFI in January 2021.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    ¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ ãäÌããä¶ã½ã¾ã ºããñ¡Ã

    Securities and Exchange Board of India


    CIRCULAR

    SEBI/HO/IMD/DF3/CIR/P/2020/172 September 11, 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: Asset Allocation of Multi Cap Funds

    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 Schemes.

    2. In this regard, in order to diversify the underlying investments of Multi Cap


    Funds across the large, mid and small cap companies and be true to label, it
    has been decided to partially modify the scheme characteristics of Multi Cap
    Fund at sr. no. 1 of point A of Annexure of the aforesaid circular as under:

    Minimum investment in equity & equity related instruments -75% of total


    assets in the following manner:

    o Minimum investment in equity & equity related instruments of large


    cap companies - 25% of total assets
    o Minimum investment in equity & equity related instruments of mid
    cap companies - 25% of total assets
    o Minimum investment in equity & equity related instruments of small
    cap companies - 25% of total assets

    Page 1 of 2
    ¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ ãäÌããä¶ã½ã¾ã ºããñ¡Ã
    Securities and Exchange Board of India
    2.1. All the existing Multi Cap Funds shall ensure compliance with the above
    provisions within one month from the date of publishing the next list of
    stocks by AMFI, i.e. January 2021.

    3. All other conditions specified in aforesaid circular dated October 06, 2017
    shall remain unchanged.

    4. This circular is issued in exercise of the powers conferred under Section 11


    (1) of the Securities and Exchange Board of India Act, 1992, read with
    Regulation 77 of the Securities and Exchange Board of India (Mutual Funds)
    Regulations, 1996 to protect the interests of investors in securities and to
    promote the development of, and to regulate the securities market.

    Yours faithfully,

    Deena Venu Sarangadharan


    Deputy General Manager
    Tel no.: 022-26449266
    Email: [email protected]

    Page 2 of 2

    You might also like