Sub-categories of equity-oriented schemes have seen a change in pecking order based on assets under management. While the large-cap category has maintained the numero uno position, the equity-linked saving scheme (ELSS) — which offers tax benefit to investors — has risen to the second position.
Meanwhile, the rank of the multi-cap category has slipped to four from two last year. This is because of change in regulations. Last year, Sebi modified scheme characteristics of ‘multi-cap’ schemes, wherein at least 25 per cent of the corpus had to be invested in ...
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