Mutual funds huddle to play Sebi's googly on multi-cap schemes

Topics Mutual Funds | Sebi

The Rs 27-trillion domestic mutual fund (MF) industry will soon get into a huddle to decide how to play the Securities and Exchange Board of India’s (Sebi’s) googly on multi-cap schemes. Sources say the scheme merger, label change or requesting Sebi to introduce a new category are among the options mulled by asset managers. Industry players will soon build a consensus and approach the markets regulator. Sebi has also taken a flexible stance. In a statement on Sunday, the regulator said rebalancing is just one of the routes to achieve compliance with the circular a.....

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