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As part of its conversion to a flexicap fund, Aditya Birla Sun Life (ABSL) Mutual Fund has introduced a provision for up to how much percent investment in international stocks in its 12,000 crores odd equity fund?

As part of its conversion to a flexicap fund, Aditya Birla Sun Life (ABSL) Mutual Fund has introduced a provision for up to how much percent investment in international stocks in its 12,000 crores odd equity fund? Correct Answer 35

The correct answer is 35%.

  • As part of its conversion to a flexicap fund, Aditya Birla Sun Life (ABSL) Mutual Fund has introduced a provision for up to 35% investment in international stocks in its 12,000 crores odd equity fund.
  • The asset management company (AMC) has strategically introduced this provision in conjunction with a change in the category of its multicap fund to flexicap.
  • Following a SEBI circular, requiring multicap funds to invest at least 25% of their corpus in large, mid, and small companies respectively, a host of fund houses have moved their multicap schemes to the flexicap category.

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