{"id":20354,"date":"2021-01-08T11:43:40","date_gmt":"2021-01-08T06:13:40","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=20354"},"modified":"2021-01-08T11:53:07","modified_gmt":"2021-01-08T06:23:07","slug":"category-modification-of-axis-multicap-fund-from-multicap-fund-to-flexi-cap-fund","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/bulletin\/category-modification-of-axis-multicap-fund-from-multicap-fund-to-flexi-cap-fund\/20354","title":{"rendered":"Category Modification of Axis Multicap Fund from \u2018Multicap Fund\u2019 to \u2018Flexi cap Fund\u2019"},"content":{"rendered":"\n<p>Axis Mutual Fund Trustee Limited, Trustee to Axis Mutual Fund (\u201cthe Fund\u201d) has decided to modify the category of Axis Multicap Fund from \u2018Multicap Fund\u2019 to \u2018Flexi cap Fund\u2019 in line with the SEBI circular with effect from <strong>January 30, 2021.<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<p>If customers have no objection to the proposed change, no action needs to be taken and it would be deemed that customers have consented to the above change. If customers disagree with the proposed change, they may redeem or switch the units to other open-ended schemes of the Fund, without exit load, from <strong>December 31 2020 to January 29, 2021<\/strong>.\u00a0\u00a0<\/p>\n\n\n\n<p>The following changes will be carried out in the Scheme:\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">Old Provisions<\/th><th class=\"has-text-align-center\" data-align=\"center\">New <strong>Provisions<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><br>Name of the Scheme<br><\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>Axis Multicap Fund<br><\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>Axis Flexi Cap Fund<br><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Type of scheme<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>\u00a0An open ended equity scheme investing across large cap, mid cap, small cap stocks.<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Axis Mutual Fund Trustee Limited, Trustee to Axis Mutual Fund (\u201cthe Fund\u201d) has decided to modify the category of Axis Multicap Fund from \u2018Multicap Fund\u2019 to \u2018Flexi cap Fund\u2019 in line with the SEBI circular with effect from January 30, 2021.&nbsp;&nbsp; If customers have no objection to the proposed change, no action needs to be [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Category Modification of Axis Multicap Fund from \u2018Multicap Fund\u2019 to \u2018Flexi cap Fund\u2019<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wealthindia.com\/blog\/bulletin\/category-modification-of-axis-multicap-fund-from-multicap-fund-to-flexi-cap-fund\/20354\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Category Modification of Axis Multicap Fund from \u2018Multicap Fund\u2019 to \u2018Flexi cap Fund\u2019\" \/>\n<meta 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