As you must have read elsewhere in this newspaper, after literally decades of laissez faire, mutual fund regulator Sebi has formalised a system of mutual fund classification. This is a very big step forward in fund regulation, even though it is still not 100% satisfactory.
The biggest criticism of the new system is that from the investor’s perspective, it does not really simplify the process of choosing a fund to invest in. There are 2,043 mutual funds in India, and counting all the pla ..
