Sebi has asked fund houses to segregate their schemes into distinct categories, based on their underlying investment focus or style. It has allowed only one scheme per category, barring some exceptions. The exercise is aimed at helping investors identify funds better suited to their specific needs and risk profile, and to narrow down the confusing multiple options under each category. To comply with Sebi’s norms, several funds have been repositioned, renamed or merged. Given that this is an indu ..
