SEBI regulations requires each fund to be classified amongst one of the following 36 different categories.
* Mutual Funds will be permitted to offer either Value fund or Contra fund.
**Provisions of SEBI Circular No SEBI/IMD/DF/19/2010 dated November 26, 2010 shall be followed for Uniform cut-off timings for applicability of Net Asset Value in respect of Liquid Fund and Overnight Fund.
$ All provisions mentioned in SEBI circular SEBI/IMD/CIR No.13/150975/09 dated January 19, 2009 in respect of liquid schemes shall be applicable.
# Please refer to the page number of the Offer Document on which the concept of Macaulay’s Duration has been explained.
^ Words/ phrases that highlight/ emphasize only the return aspect of the scheme shall not be used in the name of the scheme (for instance Credit Opportunities Fund, High Yield Fund, Credit Advantage etc.).
@ Mutual Funds will be permitted to offer either an Aggressive Hybrid fund or Balanced fund.
## Foreign securities will not be treated as a separate asset class.