AMFI welcomes SEBI’s clarification, which is extremely important for the orderly functioning of the market, as the street had started anticipating huge flows in small and mid-cap stocks over next couple of months from the multi-cap schemes.
Mutual Fund Industry endeavours to optimize risk-adjusted returns for the unitholders. Given the flexibility now offered by SEBI to facilitate a switch to other schemes or merger of schemes, appropriate portfolio changes will accordingly happen in an orderly fashion.
AMFI is grateful to SEBI for its open-door policy for a dialogue. AMFI will gather feedback from members and revert for non-disruptive execution of multi-cap funds portfolio balancing.
AMFI looks forward to working closely with SEBI to consistently improve investor communication, to bring about increased transparency and offering true-to-label products.