In the debate on mutual fund scheme rationalisation (also called de-duplication) and having uniformity in the fund offering from AMCs, the arguments are loaded in favour of making it simple, de-jargonised and with a degree of uniformity. This will lead to clarity for investors who currently face a situation of multiple funds being offered, and in certain cases, the difference between one fund and the other being superficial. However, since a move is being made and a debate is taking place on the need for merger and consolidation of MF schemes, let me play the devil’s advocate and argue for retaining the existing schemes i.e. schemes that may not have much differentiation from another scheme of the same AMC.
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