The investments will support BRV Group's 4.7-acre Vasundhara project and KW Group's 1.5-acre Indirapuram development as ASK expands in established NCR markets
Nippon India Multi Cap Fund delivered a double-digit return even as the broader markets struggled to stay in positive territory
A quality-oriented flexi- or multi-cap can play a similar role in your equity portfolio
Multi-cap funds, with their higher exposure to mid- and small-caps, can outperform but with higher volatility
However, the minimum 25% exposure to each of the three market caps also makes them volatile
The fund is managed by Ankit Pande, Vasav Sahgal, and Sanjeev Sharma
The 'multi-cap' schemes - that invest at least a fourth of their corpus in large-caps, small-caps and mid-caps - have gained investor favour in recent months
Beware that these funds will be more volatile than other diversified equity categories, barring mid-cap and small-cap funds
Industry AUM slips below Rs 27 trn in September
Switching from one scheme to another is treated as transfer and is subject to capital gains tax
Depending on the risk profile, mutual fund (MF) schemes are currently divided into five buckets, ranging between 'low risk' and 'high risk'
Industry body Amfi has said it is committed to follow market regulator Securities and Exchange Board of India's (Sebi) new regulation on multi-cap mutual fund schemes
Earlier, the minimum investment in equity and equity-related instruments was 65 per cent of total assets.
There is no need for existing multi-cap investors to panic or take any action, despite the likelihood of higher portfolio risk if the regulations are implemented in their present form.
Sebi's new diktat says multi-cap equity funds must invest a minimum of 75% in equities, up from 65%, with at least 25% each in large-caps, mid-caps, and small-caps
Kotak Mahindra Mutual Fund MD Nilesh Shah says fund houses will build a consensus and then approach Sebi
Here's a selection of Business Standard opinion pieces for the day
In its latest press release, Sebi noted that some sections of media have reported various views on the circular and various conclusions are being drawn
These stocks may see better valuation, but stick to firms with good track record
Such funds are holding 70% average allocation to large-caps