In a recent circular  on 11th September 2020 by Securities and Exchange Board of India (SEBI) have given regulation for changes in Multi-Cap Mutual Fund.
The SEBI has made such changes in order to diversify the funds invested by the investors in Large Cap, Mid Cap and Small Cap Companies. The following are the major points to be taken from this Circular
As per the recent Circular  by Securities and Exchange Board of India (SEBI) on 17th September 2020 from 1st January 2020 Net Asset Value (NAV) of Mutual fund of a particular day will be allotted to investor only after the funds reach the Mutual Fund AMC.
This circular is issued to get rid for the small investor who were allowed to purchase Mutual Fund below Rs 2 Lakhs (other than liquid and overnight fund) even if the fund doesn’t reach the Mutual Fund AMC as per the earlier provisions.