In October, SEBI issued new reforms on categorization of mutual fund schemes and has narrowed down on just five main categories (equity schemes, debt schemes, hybrid schemes, solution-oriented schemes and other schemes) to curb the unnecessary cluster within mutual fund houses. This indeed is a big shakeup for the mutual fund industry. Fund houses will have to categorize their existing schemes according to the new categorization, appeal to SEBI (if required) and painstakingly e-mail investors ab ..
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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