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As per our calculations multi-cap funds have a total AUM of `1,46,500 crore with almost 74% of AUM being allocated to large caps while allocation to mid and small caps are 16.5% and 6.2% respectively. If the SEBI recommendations are implement then there could be shift of `40,650 crore from large caps to mid and small caps on the higher side. However the situation is still fluid and the actual shift could be lower as MF houses are most likely to ask SEBI to reconsider the proposal. However even if SEBI does not reconsider the proposal then fund houses have the option of either merging it with existing large cap schemes or changing the fund categorization to minimize the impact.

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