Mumbai
Many mutual fund managers and advisors have been recommending multi cap schemes to investors soon after the re-categorisation of mutual funds by Sebi. These mutual fund participants believe that multi cap schemes are uniquely placed to benefit from the new Sebi investment mandates in the coming days.
As per the new investment mandate, these schemes can invest across market capitalisations and sectors based on the view of the fund manager. Sebi has put in place a strict investment mandate for different categories of mutual funds. The new guidelines are likely to have an impact on the performance of some schemes as the fund manager no longer will be able to deviate from the original mandate to make extra returns based on the market conditions.
Coming back to multi cap mutual fund schemes, these schemes are typically recommended to equity investors with a moderate risk appetite. As said before, these schemes can invest across market capitalisations and sectors. This mandate offers the fund manager the flexibility to switch to sectors and stocks belonging to any market capitalisations, based on the market conditions or the prospects of the sectors.
If you want to invest in a multi cap scheme, but do not know who to choose the right scheme, here are our pick. We have handpicked some schemes for you. Invest in these schemes with an investment horizon of five to seven years to achieve your long-term financial goals like your retirement and child’s higher education.
Best multi cap schemes to invest in 2019
| Motilal Oswal Multicap 35 Fund |
| SBI Magnum Multicap Fund |
| Kotak Standard Multicap Fund |
| Aditya Birla Sun Life Equity Fund |
| ICICI Prudential Multicap Fund |
