 "Securities and Exchange Board of India, SEBI")
The Securities and Exchange Board of India (Sebi) is looking to overhaul the mutual fund (MF) scheme classifications framework, said Executive Director Manoj Kumar. Speaking at the 18th CII Mutual Fund Summit 2025 in Mumbai, Kumar highlighted Sebi’s focus on consolidating MF categories and making scheme names more accessible to investors beyond major cities.
Amid concerns over the proliferation of thematic MF schemes, Sebi aims to address the lack of differentiation. At present, there are 36 defined categories by Sebi.
Kumar also said that the regulator is reviewing restrictive clauses, particularly Regulation 24(b), which limits asset management companies (AMCs) from
