# Multi-cap schemes that have changed to flexi-cap
**URL:** https://tradingqna.com/t/multi-cap-schemes-that-have-changed-to-flexi-cap/101659
**Category:** Personal finance
**Created:** [February 5, 2021, 10:53am UTC](https://tradingqna.com/t/multi-cap-schemes-that-have-changed-to-flexi-cap/101659 "2021-02-05T10:53:34Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [February 5, 2021, 10:53am UTC](https://tradingqna.com/t/multi-cap-schemes-that-have-changed-to-flexi-cap/101659/1 "2021-02-05T10:53:34Z")
In November 2020, SEBI had issued a new circular on the creation of a new mutual fund category called flex-cap schemes. Schemes in this category can invest anywhere across large, mid, and small-cap stocks.
> [@What will be the impact of SEBI's new circular on how multi cap funds can invest?](https://tradingqna.com/t/what-will-be-the-impact-of-sebis-new-circular-on-how-multi-cap-funds-can-invest/89689/3):
>
> This is a pretty huge move that can have some really big impact on the markets. To set some context, [in 2017, SEBI](https://www.sebi.gov.in/legal/circulars/oct-2017/categorization-and-rationalization-of-mutual-fund-schemes_36199.html) had re-categorized all mutual fund categories and strictly defined that universe of stocks by that funds could invest in. As per categorization, this was the mandate for multi cap funds: Minimum investment in equity & equity related instruments- 65% of total assets Investors like this category because it could invest anywhere across large, mid, and small caps based on the the f…
These are schemes that have categorized themselves from multi-cap to flexi-cap category.
| Old scheme name | New scheme name |
| --- | --- |
| Aditya Birla Sun Life Equity Fund | Aditya Birla Sun Life Flexi Cap Fund |
| Axis Multicap Fund | Axis Flexi Cap Fund |
| BOI AXA Multi Cap Fund | BOI AXA Flexi Cap Fund |
| Canara Robeco Equity Diversified Fund | Canara Robeco Flexi Cap Fund |
| DSP Equity Fund | DSP Flexi Cap Fund |
| Edelweiss Multi Cap Fund | Edelweiss Flexi Cap Fund |
| Franklin India Equity Fund | Franklin India Flexi Cap Fund |
| HDFC Equity Fund | HDFC Flexi Cap Fund |
| HSBC Multi Cap Equity Fund | HSBC Flexi Cap Fund |
| IDBI Diversified Equity Fund | IDBI Flexi Cap Fund |
| IDFC Multi Cap Fund | IDFC Flexi Cap Fund |
| JM Multicap Fund | JM Flexicap Fund |
| Kotak Standard Multicap Fund | Kotak Flexicap Fund |
| L&T Equity Fund | L&T Flexicap Fund |
| LIC MF Multicap Fund | LIC MF Flexi Cap Fund |
| Motilal Oswal Multicap 35 Fund | Motilal Oswal Flexicap Fund |
| PGIM India Diversified Equity Fund | PGIM India Flexi Cap Fund |
| Parag Parikh Long Term Equity Fund | Parag Parikh Flexi Cap Fund |
| Shriram Multicap Fund | Shriram Flexi Cap Fund |
| Taurus Starshare (Multi Cap) Fund | Taurus Flexicap Fund |
| Union Multi Cap Fund | Union Flexi Cap Fund |
| UTI Equity Fund\* | UTI Flexi Cap Fund |
---
### Author:  [@rupeshmandal](https://tradingqna.com/u/rupeshmandal)
#### Post date: [February 5, 2021, 12:04pm UTC](https://tradingqna.com/t/multi-cap-schemes-that-have-changed-to-flexi-cap/101659/2 "2021-02-05T12:04:34Z")
@Bhuvan, I have a request:
Whenever such changes are made by an AMC, they always give an option to the investors to make an exit within a stipulated time frame without any exit load (capital gains/ loss apply, if any). This acts as an opportunity for some.
E.g. in above case, PPFAS Long Term Equity Fund had 2% exit load if redeemed before 1 year and 1% exit load if redeemed before 5 years. But one can redeem without paying exit load because of the changes in structure of fund. That’s an opportunity for someone wanting to quit.
Hence, if such incidents are being notified by Coin, it would be really helpful. Sort of how Nudge feature of Kite works. Because once the addendums are published on the website, they get lost, and people forget to act.
I remember you had mentioned you are working on a periodic newsletter to talk about important things. You may add this feature to it?
> [@Monthly Mutual Fund Industry Reports](https://tradingqna.com/t/monthly-mutual-fund-industry-reports/96900/6):
>
> Not a priority and in our experience hardly 1 or 2 users have asked for it. We don’t want to write send alerts about MF industry news etc because mostly it’s noise and 100 people are writing about it, there is very little value we can add. But we are working on a period newsletter to talk about important things that actually make a difference to investors. Fund manager changes, scheme attribute changes etc do make sense, will look into it.