Multi-Cap Category on WebNotes

PPFAS scheme classification under SEBI October 2017 categorisation

Sat, 16 May 2026 00:00:00 +0000

The PPFAS scheme classification under SEBI October 2017 categorisation describes the implementation of the broader SEBI scheme rationalisation circular 2017 within PPFAS Mutual Fund , with the principal operational consequence being the two-stage renaming of the AMC’s flagship scheme: from Parag Parikh Long Term Value Fund (PPLTVF) to Parag Parikh Long Term Equity Fund (PPLTEF) on 16 February 2018 under the Multi-Cap category, and subsequently to Parag Parikh Flexi Cap Fund (PPFCF) on 13 January 2021 under the new Flexi Cap category.

PPFCF vs the multi-cap category

Sat, 16 May 2026 00:00:00 +0000

The Parag Parikh Flexi Cap Fund (PPFCF) sits in the flexi cap mutual fund category, while the multi-cap mutual fund category is a separate SEBI-defined category with a structurally different allocation mandate. The distinction between flexi cap and multi cap is a function of SEBI circulars issued in September and November 2020 that fundamentally altered how mutual fund schemes can allocate across large, mid, and small market-capitalisation segments. PPFCF, the flagship scheme of PPFAS Mutual Fund , was reclassified into the flexi cap category on 13 January 2021 in direct response to the new category creation.