SEBI takes steps to standardise MF Schemes
Published: Oct 09, 2017
By TIOLCORPLAWS News Service
MUMBAI, OCT 09, 2017: THE Securities and Exchange Board of India (SEBI) in order to bring in uniformity and to standardize the mutual fund scheme categories as well as characteristics of each category, has issued a circular on October 6, 2017 laying down the categories of schemes, its characteristics and uniform description for each category. This is done in order to enable an investor of mutual funds to take an informed decision while investing in a scheme. From a very long time, it was felt at SEBI that it was necessary to clearly distinguish different schemes launched by a Mutual Fund in terms of asset allocation & investment strategy. A need has also been felt to bring uniformity in the characteristics of similar type of schemes launched by different Mutual Funds so that an investor finds it easier to compare similar funds.