As per categorisation of schemes by SEBI, ‘solution-oriented schemes’ is one of the products that the AMCs can operate. Currently, these schemes cover goals like retirement and child’s education.
“This is a new category of equity mutual fund schemes. Earlier these schemes were treated as general equity or balanced schemes. In the future, we expect more schemes to get launched by AMCs under solution oriented category for ‘Child’s Marriage’ or ‘Dream Home’ goals," said Prateek Mehta, CEO and co-founder of Upwardly.in.
