SEBI’s Multi-Cap Fund Rule: Won’t Buy Small, Mid Caps If It Doesn’t Make Sense, Says Nilesh Shah

SEBI’s direction to diversify investments in multi-cap funds would not have a “material change” in the investment process.

The logo of Securities of Exchange Board of India (SEBI) is pictured on its headquarters in Bandra Kurla Complex in Mumbai, India. (Source: BloombergQuint)

The market regulator’s recent move directing fund managers to diversify investments in the multi-cap funds would not have a “material change” in the investment process, according to Nilesh Shah, head of the asset manager with the largest such scheme.

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Advait Rao Palepu
<p>Senior Correspondent</p>... more
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