News From Press Mutual fund schemes may come down to 1,300, say AMCs

Mutual fund schemes may come down to 1,300, say AMCs

Source: Economic Times Oct 9, 2017

The Sebi's decision to categorise the number of similar mutual fund schemes and also to cap 'me-too' products will result in a reduction of the number of funds to 1,300 from around 2,000 products now.

Markets watchdog Sebi had on Friday asked mutual funds to categorise all their schemes within five baskets, in a bid to weed out multiple fund launches on similar themes.

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