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Definition of 'Flexi-Cap Fund'
A type of mutual or hedge fund that is not restricted to investing in any company with a predetermined market capitalization. This type of fund structure will be indicated in the fund's prospectus, and will provide the fund manager with greater investment choices and diversification possibilities.
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Investopedia explains 'Flexi-Cap Fund'
Unlike other funds, such as mid cap or small cap funds, size is not an issue. Some mutual funds will not invest in companies that are below a certain market cap, which is usually around $100 million. A flexi cap fund may invest in any company regardless of the company's size.
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