No merit in relaxing 10% cap on single stock investment: Sebi chief

Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling

Samie Modak | Mumbai
Last Updated at October 22, 2020 00:48 IST

Ajay Tyagi, Sebi chairman (Photo: Kamlesh Pednekar)

Markets regulator Securities and Exchange Board of India (Sebi) sees no merit in relaxing the 10 per cent investment cap on a single stock for actively-managed mutual fund (MF) schemes, its chief said on Wednesday.

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