Equity schemes following diversified investment mandate garnered more inflows over the last one year, industry body AMFI data show. There are two categories following such mandate. Flexi-cap funds category is one, which invests across stocks, sectors and market capitalisation. Newly introduced multi-cap funds is the second, and is mandated to invest at least 25 percent of their corpus into large-cap, mid-cap and small-cap stocks. These are popular as they enable investors to gain exposure to all segments of the market, irrespective of the market cycle just by investing in a single scheme. They tend to generate a balanced return over the long run.
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