Child and retirement plans to have 5-year lock-in period. Should you stay away from them?

Sebi’s new categorisation and rationalisation of mutual funds has created a new basket of equity mutual fund schemes: solution-oriented schemes. That means schemes like retirement schemes and children's plans would become solution-oriented schemes and they will have a mandatory lock-in period of five years. No wonder, a debate is raging about whether one should opt for retirement and child funds with a lock-in period of five years or open-ended schemes to take care of future financial goals like ..

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