Regulatory Alerts2026-02-26
Categorization and Rationalization of Mutual Fund Schemes
The Securities and Exchange Board of India (SEBI) issued this circular to supersede previous guidelines and establish a uniform framework for categorizing and rationalizing mutual fund schemes. The document defines specific investment mandates, asset allocation limits, and naming conventions for equity, debt, hybrid, life cycle, and other scheme categories. It mandates that existing schemes align with these new classifications within six months and imposes strict portfolio overlap limits and disclosure requirements for sectoral and thematic funds.
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