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

Markets regulator to examine proposals by industry on ensuring compliance with true-to-label and appropriate benchmarking

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Mutual Funds | Sebi

Samie Modak  |  Mumbai 

mfs, mutual funds, industry, india inc, money, shares, capital, business, growth, reforms,
Sebi’s circular on Friday sparked fears that MFs would have to undergo a Rs 65,000-crore worth of churn | Illustration: Ajay Mohanty

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.

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First Published: Mon, September 14 2020. 06:06 IST
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