The big bang announcement of 2017 in the mutual fund industry was categorisation and rationalisation of mutual fund schemes by Securities and Exchange Board of India (SEBI). The market regulator sought to bring uniformity in the characteristics of similar schemes to ensure that an investor is able to evaluate various options before making any investment. Earlier, in the absence of any standard definition of MF categories, mutual fund companies and research & advisory firms came up with their own methodologies of categorising funds. This made it difficult for investors and advisors to evaluate and compare funds and select suitable ones for investment.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
Read More
