What is it?
In a circular dated October 6, 2018, Sebi broadly categorized mutual fund schemes equity schemes, debt schemes, hybrid schemes, solution oriented schemes and other schemes. There are a total 341 open-ended debt schemes in the market and around 1,028 close-ended schemes in total, according to Valueresearchonline.com. The average one-year returns of close ended schemes are 6.86% and three-year returns are 8.97%. The average one-year return of open-ended debt schemes is 8.06%, three-year returns 7.2% and average five-year returns is 7.85%. The returns are as on June 3, 2019.
