The reforms, which were anticipated by the industry, will make it easier for investors to evaluate their options before investing Moneycontrol News The Securities and Exchange Board of India (SEBI) on Friday announced some reforms in the mutual funds industry. The regulator has categorised mutual funds into five schemes — equity, debt, hybrid, solution oriented, and other schemes. Fund houses will be allowed to have one scheme in each category, except for index funds/ETFs tracking indices, fund of funds and thematic schemes investing in different sectors. The move is to bring in uniformity in the characteristics of similar type of schemes launched by different mutual funds and to standardise the scheme categories. The regulator wants funds to clearly distinct schemes in terms of asset allocation, investment strategy, etc. The reforms, which were anticipated by the industry, will make it easier for investors to evaluate their o...