SEBI broadens MF categories to keep up with changing investor preferences
SEBI introduced another new category called the life cycle fund and has done away with retirement and children’s fund. SEBI said that life cycle funds will have a minimum duration of five years and a maximum duration of 30 years.
SEBI introduced another new category called the life cycle fund and has done away with retirement and children’s fund. SEBI said that life cycle funds will have a minimum duration of five years and a maximum duration of 30 years.
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