Many mutual fund houses have merged their schemes to comply with Sebi’s new re-categorisation norms for mutual funds. Many of these schemes are either merged into some existing scheme or merged with another existing scheme to form a new scheme.
In order to standardise performance disclosure of schemes once they have been merged, markets regulator Sebi has asked mutual fund houses to disclose the weighted average performance of the new as well as the old product.
Here are the pr ..
