Sebi Moots Extra MF Scheme if AUM Tops ₹50,000 Crore

Proposed Rules Allow AMCs to Launch an Additional Scheme Within Existing Categories With Conditions

- Jash Kriplani & Neha Joshi

The Securities and Exchange Board of India (Sebi) proposed significant changes to mutual fund categorization rules on Friday, with a key provision that will allow Asset Management Companies (AMCs) to launch additional schemes within existing categories once their flagship schemes cross ₹50,000 crore in assets under management (AUM).

According to data from Value Research, in the equity and hybrid schemes category, the number of actively-managed schemes with more than ₹50,000 crore AUM stands at 13, with combined AUM of these funds amounting to over ₹9 trillion.

This marks the first major revision since the 2017 categorization framework that had standardized mutual fund schemes. The regulator has put up the draft circular for public comments until 8 August.