SEBI categorises mutual fund schemes under 5 heads to bring in uniformity
Oct 06 2017
News Category: Regulatory Updates
In an effort to end duplication of schemes launched by mutual funds, market regulator Securities and Exchange Board of India (SEBI) has categorised schemes under five different heads. SEBI has categorised mutual fund schemes under the broad heads of equity, debt, hybrid, solution-oriented and others. The regulator said that different schemes launched by a mutual fund needed to be distinct in terms of asset allocation and investment strategy. Further, there is a need to bring in uniformity in the characteristics of similar schemes launched by different mutual funds to ensure that investors are able to evaluate their options before taking a decision.