Ch.2 · Advantages and Limitations of Mutual Funds · medium
Which of the following is classified as an equity fund category under SEBI's 2017 categorisation circular?
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EXPLANATION
Flexi Cap Fund is an equity fund category under SEBI's 2017 circular — it must invest minimum 65% in equity across large, mid, and small cap stocks with no cap-wise restriction. Balanced Advantage and Conservative Hybrid are hybrid categories; Multi Asset is also hybrid.
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