Mutual fund houses, it seems, are done with the process of the re-categorisation and rationalisation of schemes as per Sebi diktat. Many investors and their advisors have been waiting for the entire process to get over before starting to weed out unwanted schemes from the mutual fund portfolios. Is it time to spring-clean your mutual fund portfolio?
In case you are wondering what the fuzz is all about, here is the issue in a nutshell. Sebi, the market regulator, had asked mutual funds t ..