Multi-cap schemes that have changed to flexi-cap

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.

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
1 Like

@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?