The Securities and Exchange Board of India (Sebi) has asked fund houses to re-categorise their schemes to make it simpler for investors to understand and evaluate their investment decisions. As per the directive, equity mutual funds (MFs) are to be divided into 10 categories and debt funds into 16. Further, each fund house can only have one scheme in each equity and debt category.
Insurers receptive to covering chronic ailments, declare PEDs honestly
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