Skip to main content

SEBI Plans To Consolidate Mutual Fund Schemes

SEBI Plans To Consolidate Mutual Fund Schemes.

The Securities and Exchange Board of India (SEBI) has asked mutual funds to introduce asset categories for classifying schemes according to their investment strategies, a move that will make it easier for investors to pick the right plan from within a group of similar products.

SEBI has asked mutual funds to hold only one product per category, barring index funds, which is expected to force asset managers merge similar schemes. The regulator has asked the mutual fund industry to implement the rules within three months.


top mutual funds


SEBI said mutual fund schemes will be now classified as equity, debt, hybrid, solution-oriented, and other schemes. Currently, there is no official classification for mutual fund schemes. Mutual funds that have more than one product in a category will have to merge, wind up, or change the fundamental attribute of the scheme.

Sure this will make choices much more simplified for investors and investors can choose from a limited number of well-defined products. What do you think?

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

Mutual Funds - How to modify KYC or do rekyc?

Last year SEBI issued a circular effective April 1, 2024 regarding KYC norms for the securities market. This has created a lot of confusion among investors and intermediaries, whether who has to do rekyc and who need not? First check your KYC status from CVL KRA . If the 2nd column says KYC VALIDATED, then you are good to go - no action required. You can invest and redeem all the funds. If it says registered, you can invest in existing Fund houses. You have do rekyc to invest in new fund houses/ schemes. If it is on hold, you have to do rekyc.  You can do rekyc completely online from the AMC's websites, links of which are given below: Bandhan Mutual Fund - Bandhan Canara Robeco Mutual Fund - Canararobeco DSP AMC - Dsp Franklin Templeton Asset Management Franklintempletonindia HDFC Mutual Fund Hdfc ICICI Prudential Mutual Fund Icicipruamc Kotak Mahindra Mutual Fund  Kotak SBI Mutual Fund  Sbi Investors having KYC status of  'Registered' or 'On Hold' can complete thei...