Flexi-cap fund or multi-cap fund? Which is a better investment option? Flexi-cap fund or multi-cap fund? Which is a better investment option? It's been almost a year since SEBI issued a circular changing the definition of multi-cap funds and adding flexi-cap funds into it. Continue reading to learn if flexi-cap or multi-cap makes more sense. Henil Shah / Tuesday, January 25, 2022 / Article rating: 2.7 It's been almost a year since SEBI issued a circular changing the definition of multi-cap funds and adding flexi-cap funds into it. Continue reading to learn if flexi-cap or multi-cap makes more sense.