The second fund most long-term investors should have

Summary: You’ve probably heard of flexi-cap funds. But there’s another fund type that’s rapidly gaining investor favour… and for good reason. It’s young, bold, and surprisingly structured. And if you’re building a long-term portfolio, this could be your second essential building block. So, let’s find out the name of this fund category. Last month, my colleague Pranit explained why flexi-cap funds deserve a permanent spot in your portfolio. He called them "adaptive", and rightly so. These funds have the freedom to shift between large-, mid- and small-cap stocks, making them a go-to choice for investors who want professional fund managers to steer the ship depending on where the wind’s blowing. But today, we’re going to talk about another set of funds that are flexible in their own right, though with a different set of rules — multi-cap funds. Multi-cap funds were on the verge of irrelevancy at one point Let’s rewind to 2020. SEBI introduced a new rule for multi-ca