Business EXPLAINED: New SEBI rule on the portfolio mix of multicap funds Updated : September 11, 2020 10:14 PM IST While fund managers preach the virtues of long term investment, they have to take into account market realities as well If a certain category is the flavor of the season, not having adequate exposure to those stocks will cause a fund manager’s portfolio to underperform. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.