Explain Flexi Cap Fund.

Flexi Cap Fund SEBI introduced a new Category named Flexi cap fund under Equity Schemes so as to give more flexibility to the mutual funds and considered the recommendations of Mutual find Advisory Committee. Accordingly- The AMC shall ensure that a suitable benchmark is adopted for the Flexi cap fund. Mutual funds have the option to convert an existing scheme into a Flexi Cap fund subject to Compliance with the requirement for change in fundamental attributes of the scheme. The Minimum investment in equity and equity related instruments is 65% of total assets. As open ended dynamic equity scheme can invest across large cap, midcap and small cap stocks.