Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
A fund category required to hold at least 65% in equity with no constraint on market cap, leaving the mix to the manager's discretion.
The one people confuse with multicap. A flexicap manager can sit 90% in largecaps when nervous, so in a smallcap crash two funds with almost identical names behave nothing alike.
The scheme categories SEBI mandates, each specifying what a fund must hold — largecap, midcap, smallcap, flexicap, multicap, ELSS, hybrid and index among them.
The label is a legal constraint on holdings, not marketing, which is what makes thousands of schemes comparable. It also fixes the only valid comparison: same category, against the fund's own declared benchmark.
A SEBI fund category required to hold at least 25% each in largecap, midcap and smallcap stocks.
Forced diversification across sizes. The manager is legally unable to retreat into largecaps during a smallcap crash — which is the whole difference from a flexicap.