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Kotak Standard Multicap Fund renamed as Kotak Flexicap Fund
Flexicap funds are required to have a minimum of 65 per cent of their assets in equity and equity-related investments with no cap on how much should be invested in large, mid, or small caps.
BusinessToday.In | February 17, 2021 | Updated 18:19 IST
SEBI had in September asked fund houses to ensure that at least 25 per cent of the assets under management of multicap funds are invested in small cap, mid cap and large cap stocks each.
Following SEBI s directions on changes in multicap schemes, Kotak Mahindra Asset Management Company (KMAMC) on Wednesday renamed its Kotak Standard Multicap Fund as Kotak Flexicap Fund.