Photo: iStockSeeking to rationalise the choice of mutual fund schemes for investors and at the same time ensure standardisation in how fund houses define scheme categories, the capital markets regulator issued a circular on Friday, instructing fund houses on how they should classify their schemes. Large fund houses will be impacted moreThe large fund houses will have to work more towards scheme consolidation than the smaller ones. And most of the large fund houses had acquired some or the other fund house during its lifetime. SEBI has now tightly defined what each debt fund would do, so it has become easier to define debt fund categories at our end as well. Too many debt fund categoriesAt first glance, the categories of debt funds appear to be many.

Source: Mint October 06, 2017 19:07 UTC