As a result, a lot of multi-cap schemes' investment were skewed towards the large-caps. : The Securities and Exchange Board of India (Sebi) has tweaked the definition of multi-cap schemes offered by mutual funds (MFs). The regulator has increased the minimum investment threshold in equity and equity-related instruments from 65 per cent to 75 per cent of the fund’s corpus. Further, it has mandated that at least 25 per cent of the fund’s corpus should be deployed in large-caps, mid-caps and small-caps.