https://v2.webnotes.in/tags/2017-circular/Recent content in 2017 Circular on WebNotesHugoen-INSat, 16 May 2026 00:00:00 +0000https://v2.webnotes.in/sebi-scheme-rationalisation-circular-2017/Sat, 16 May 2026 00:00:00 +0000https://v2.webnotes.in/sebi-scheme-rationalisation-circular-2017/<p>The <strong>SEBI scheme rationalisation circular of 2017</strong>, formally SEBI Circular SEBI/HO/IMD/DF3/CIR/P/2017/114 dated 6 October 2017, is the most consequential structural intervention in the history of the Indian <a href="https://v2.webnotes.in/mutual-fund-industry-india/">mutual fund industry</a> . It introduced a standardised categorisation framework for open-ended mutual fund schemes, defining 36 categories (subsequently extended to 37 with the November 2020 introduction of the Flexi Cap category) with precise investment mandates anchored to verifiable financial parameters. Each AMC was permitted to operate only one scheme per category, with limited exceptions for sectoral, thematic, index, and fund-of-funds categories.</p>