All you need to know about new equity mutual fund categories
Sebi's new norms for the re-categorization and rationalization of mutual fund schemes may result in some changes in the way some schemes are defined. Several fund houses have recently merged, change names and basic attributes of some schemes to comply with the new Sebi norms. According to the circular released by Sebi on 6 th October, 2017, there will be 10 different categories of equity mutual funds. Some earlier categories remain the same with a little tweaking, while there are some new entrants to the list.