Fund houses are aligning their mutual fund schemes to comply with the directives of the Securities and Exchange Board of India (Sebi), which wants asset managers to categorise their products offerings such that would make subscription decisions easier for consumers.
The Sebi mandate says that a fund house can offer 10 types of equity funds, 16 categories of bond schemes, and 6 categories of hybrid funds. In addition to this, they can also have index funds, fund of funds and other soluti ..
