Scheme Categorisation on WebNotes

SEBI scheme categorisation circular (October 2017)

Mon, 18 May 2026 00:00:00 +0000

The SEBI scheme categorisation and rationalisation circular (Circular SEBI/HO/IMD/DF3/CIR/P/2017/114 dated 6 October 2017) is the regulatory framework that standardised mutual fund scheme categories across all Indian Asset Management Companies (AMCs). The circular replaced the prior era of fund-house-specific category naming with a single industry-wide taxonomy of 36 standardised categories grouped under five broad classifications (equity, debt, hybrid, solution-oriented, and other). The circular was issued by SEBI under SEBI (Mutual Funds) Regulations 1996 and implemented during 2018 through scheme mergers and reclassifications.

Mutual fund

Sat, 16 May 2026 00:00:00 +0000

A mutual fund in India is a collective investment vehicle that pools money from a number of investors who share a common investment objective and invests the pooled corpus in a portfolio of securities (equity, debt, money-market instruments, gold, or a combination) in accordance with the investment mandate set out in the scheme’s offer document. Mutual funds in India are constituted as trusts under the Indian Trusts Act, 1882, and are regulated by the Securities and Exchange Board of India under the SEBI (Mutual Funds) Regulations, 1996 , with operational policy issued by the SEBI Investment Management Department and self-regulatory oversight provided by the Association of Mutual Funds in India (AMFI) .

Open-ended mutual fund

Tue, 12 May 2026 00:00:00 +0000

An open-ended mutual fund is a category of mutual fund scheme that, under the SEBI (Mutual Funds) Regulations, 1996 , offers continuous subscription and continuous repurchase of units at the prevailing Net Asset Value (NAV), without any fixed maturity date. Regulation 2(s) defines an open-ended scheme as a scheme of a mutual fund that offers units for sale without specifying any duration for redemption. The scheme corpus is therefore variable, expanding with net inflows and contracting with net outflows.