The Securities and Exchange Board of India (Sebi)’s insistence that mutual funds cut down on the number of schemes they manage is beginning to yield results, but the scope for merging plans still remains large.
In the first five months of this calendar year, more than 30 schemes have been merged, compared with almost half that number in the whole of 2015, according to Value Research. From 2010 till now, roughly 150 schemes have been merged. At present, the mutual fund industry has roughly 350 equity schemes and 1,500 debt schemes.
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