SEBI overhauls mutual fund scheme categorisation

The Securities and Exchange Board of India (SEBI) has overhauled the ​mutual ⁠fund categorisation ‌rules on ‌Thursday, ‌introducing new ⁠categories ⁠such as contra ​funds ‌and sectoral debt funds, adding ‌goal-based ​life cycle funds ⁠and ordering ‌asset managers to align existing ‌schemes within ​six months.

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