An individual can choose a life cycle fund that aligns with their financial goal date. The fund has a diversified portfolio, starts with a higher equity allocation, and follows a glide path towards ...

SEBI superseded earlier provisions on scheme classification and consolidated a revised structure aimed at ensuring funds remain "true-to-label," while accommodating new asset classes and strategies.

SEBI permits equity mutual funds to invest in gold and silver, introducing 'Life Cycle' funds for diversified asset allocation.