 "loans, aum, assets, banks, investment, shares, stocks, funds")
The Securities and Exchange Board of India (Sebi) has made a couple of changes through two circulars dated November 6. It has introduced a new equity fund category called flexi-cap. It has also made it mandatory for all categories of open-ended debt schemes barring a few — overnight, liquid, gilt, and gilt with constant duration — to hold a minimum 10 per cent of their net assets in liquid instruments.
New flexi-cap category
The flexi-cap category needs to fulfil only one regulatory requirement — a minimum of 65 per cent of its assets must be in equities. Most of the current multi-cap
