PPFAS scheme classification under SEBI October 2017 categorisation

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

The PPFAS scheme classification under SEBI October 2017 categorisation describes the implementation of the broader SEBI scheme rationalisation circular 2017 within PPFAS Mutual Fund , with the principal operational consequence being the two-stage renaming of the AMC’s flagship scheme: from Parag Parikh Long Term Value Fund (PPLTVF) to Parag Parikh Long Term Equity Fund (PPLTEF) on 16 February 2018 under the Multi-Cap category, and subsequently to Parag Parikh Flexi Cap Fund (PPFCF) on 13 January 2021 under the new Flexi Cap category.

SEBI scheme rationalisation circular of 2017

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

The SEBI scheme rationalisation circular of 2017, 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 mutual fund industry . 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.

Scheme Rationalisation on WebNotes

PPFAS scheme classification under SEBI October 2017 categorisation

SEBI scheme rationalisation circular of 2017