Updated in line with
- Categorization & Rationalization of MF Schemes(brought about by SEBI).
- LTCG tax imposed on pure equity & equity oriented MF(as per budget 2018).
- Earlier there were no clear cateegories laid out and its categories were not defined.
- But now,SEBI has defined this. 10 Equity, 16 Debt & 6 Hybrid Schemes, 2 solution oriented schemes & 2 other schemes. 1 Scheme per Category per MF house.
- In the light of category list provided by SEBI, MF houses were required to analyze each of their schemes to see which scheme fell in which category. Similar Schemes were required to be merged.