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 ..
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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