 "mutual funds, MF")
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.
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 large, mid, and small-cap stocks each. It also created
