SEBI, in October 2017, has issued a circular, asking mutual fund AMCs to re-categorise their open-ended schemes as per the guidelines mentioned. The circular clearly mentions that different schemes of an Asset Management Company (AMC) have to be distinct in terms of their asset allocation and investment strategy.
The market regulator wants to to bring uniformity among the same category of schemes issued by different AMCs to make it easy for an investor to compare schemes by diffe ..
