Flexi Cap mutual fund in India

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

A Flexi Cap mutual fund in India is an open-ended actively managed equity scheme that invests a minimum of 65 per cent of total assets in equity and equity-related instruments across the full market-capitalisation spectrum, with no mandatory minimum allocation to any individual market-cap segment (large-cap, mid-cap, or small-cap). The category was introduced by SEBI through Circular SEBI/HO/IMD/DF3/CIR/P/2020/228 dated 6 November 2020, as a direct response to industry concerns following the September 2020 multi-cap reclassification that had mandated a 25-25-25 large-mid-small allocation for the Multi Cap Fund category. The Flexi Cap category was created to preserve the structural flexibility that the pre-September-2020 Multi Cap framework had provided, allowing AMCs to maintain genuinely market-cap-flexible equity funds without the new Multi Cap allocation constraints.

Multi-Cap Reclassification on WebNotes

Flexi Cap mutual fund in India