Ch.4 · SEBI Mutual Fund Regulations · hard
As per SEBI's 2017 categorisation circular, how many schemes can a mutual fund have in a single category?
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EXPLANATION
SEBI's 2017 categorisation circular mandates that each AMC can have only 1 scheme per category. This was to prevent AMCs from running multiple similar schemes with marginally different names, which confused investors. Exceptions include ETFs, index funds, and Fund of Funds.
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