Ch.5 · SID, SAI and KIM Documents · medium
What is the SEBI guideline on the maximum number of schemes an AMC can have in the equity category?
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EXPLANATION
SEBI's 2017 categorisation circular mandates one scheme per defined category. For equity, this means one large cap fund, one mid cap fund, one small cap fund, etc. However, ETFs and index funds tracking different indices are exempt from this restriction, allowing AMCs to have multiple Nifty ETFs, Sensex ETFs, etc.
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