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SEBI, in consultation with Mutual Fund Advisory Committee (MFAC), has reviewed the guidelines for product labeling in mutual funds. Accordingly, the capital market regulator has decided that the risk-o-meter shall have six level of risk for mutual fund schemes, namely, low, low to moderate, moderate, moderately high, high and very high risk. Among other guidelines issued, the mutual fund shall disclose the risk level of schemes as on March 31 of every year, along with number of times the risk level has changed over the year, on their website and AMFI website. The same shall be effective from Jan 1, 2021.