At the time when equity mutual funds are receiving massive monthly inflows in equity and balanced mutual funds, going up to around Rs 25,000 crore, the capital markets regulator Securities and Exchange Board of India (SEBI) has come out with new classification of mutual funds. It's intended to make the mutual fund selection process easier for investors.
According to the new classification, the mutual funds schemes will be classified into five broad categories-- equity schemes, debt schemes, hybrid schemes, solution oriented schemes and other schemes. Solution-oriented schemes will be retirement or children funds.
