 "Kotak Mutual Fund")
Kotak Mahindra Mutual Fund has moved its ‘multicap’ scheme to the newly-created ‘flexicap’ segment. The move will help the fund house retain the portfolio composition.
In a statement, Kotak MF said it is re-naming of Kotak Standard Multicap Fund to Kotak Flexicap Fund. As on January 2021, Kotak Flexicap fund had assets of Rs 32,400 crore, making it one of the largest scheme in the category.
Last year, the Securities and Exchange Board of India (Sebi) modified scheme characteristics of ‘multicap’ schemes, wherein at least 25 per cent of the corpus had to be invested in large, mid, and small
