Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.13)

13. 

Which organsiation has modified the Multi-Cap Mutual Funds category?

[A]. RBI
[B]. SEBI
[C]. SIDBI
[D]. None of these

Answer: Option B

Explanation:

The equity allocation in a mufti-cap mutual fund across companies with varying market capitalization will soon change. SEBI has already issued guidelines regarding categorization and rationalization of Mutual Fund Schemes but in order to diversify the underlying investments of Multi-Cap Funds across the large, mid and small-cap companies and be true to label, SEBI has decided to partially modify the scheme characteristics of Multi-Cap Fund.

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