Investments in Mutual Funds have been growing at a very fast speed, the reason being one of the best returns given by mutual funds. But along with growth the unethical selling of mutual funds have also increased. Scores of companies and each one of them having hundreds of schemes with almost same names and same objectives is making it all the more confusing for the consumers.
SEBI has come out with the notification for Mutual Fund Reforms to protect the interests of the consumers. Mutual Funds have been categorized into 5 groups and under each group certain categories of schemes have been defined. Now one company can launch only one scheme per category. This will help consumers understand the offerings of Mutual Fund better than before.
We have made a detailed video on this new notification which will help you understand each and every small detail that you need to know for the exam.
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