Not forcing to invest in small-caps, says Sebi

As SEBI’s recent change in norms regarding constitution of multi-cap funds continues to cause some discomfort among mutual funds, Chairman Ajay Tyagi said that the regulator is not forcing anyone to invest in mid or small cap companies. Describing the recent “confusion” as “unfortunate”, Tyagi said, “What we are saying and what we are trying to address here is ‘true to label’.” “So when we said that multi-cap should have some portion in small cap and mid cap, we are not really forcing anyone to invest in those caps, we are sayinga investment should be done in the best interest of the investors.”