In October 2017, Securities & Exchange Board of India (Sebi) issued new reforms on categorisation of mutual fund schemes and narrowed down on just five main categories (equity, debt, hybrid, solution-oriented and other schemes) to curb the unnecessary cluster within fund houses. This is a big shakeup for the industry in which they have to categorise their existing schemes according to the new categorisation, appeal to Sebi (if required) and painstakingly e-mail investors about the same. This will surely help investors who are confused with the multiple schemes and probably help put a leash on mis-selling as schemes will have common parameters through means of categorisation.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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