We have launched our updated fund categorisation framework that is based on SEBI's new system
26-Jun-2018 •Research Desk
Starting today, our readers will notice a big change on our website, as well as in Value Research's publications. Our fund categorisation system has undergone a massive change, which is the biggest single overhaul it has had since it was first started in 1994. This change is not voluntary--it was triggered by a complete reorganisation of fund types that has been enforced by the market regulator SEBI. There are pluses as well as minuses of SEBI's action, but on the whole, it should be a positive for fund investors.
The table below gives you an idea of how things have changed. There are a few things we would like to point out:
| Old Category | Funds | New Category | Funds |
| Debt: Banking and PSU | 17 | ||
| Debt: Corporate Bond | 19 | ||
| Debt: Credit Opportunities | 25 | Debt: Credit Risk | 18 |
| Debt: Dynamic Bond | 22 | Debt: Dynamic Bond | 28 |
| Debt: Floater | 6 | ||
| Debt: FMP | 805 | Debt: FMP | 805 |
| Debt: Gilt Short Term | 4 | Debt: Gilt | 26 |
| Debt: Gilt Medium & Long Term | 29 | Debt: Gilt with 10 year Constant Duration | 5 |
| Debt: Liquid | 52 | Debt: Liquid | 39 |
| Debt: Long Duration | 2 | ||
| Debt: Low Duration | 26 | ||
| Debt: Medium Duration | 17 | ||
| Debt: Medium to Long Duration | 17 | ||
| Debt: Money Market | 14 | ||
| Debt: Overnight | 4 | ||
| Debt: Short Term | 43 | Debt: Short Duration | 32 |
| Debt: Ultra Short Term | 59 | Debt: Ultra Short Duration | 20 |
| Debt: Income | 54 | ||
| Equity: Tax Saving | 69 | Equity: ELSS | 68 |
| Equity: International | 39 | Equity: International | 39 |
| Equity: Large & MidCap | 22 | ||
| Equity: Large Cap | 131 | Equity: Large Cap | 111 |
| Equity: Mid Cap | 67 | Equity: Mid Cap | 30 |
| Equity: Multi Cap | 124 | Equity: Multi Cap | 121 |
| Equity: Banking | 19 | Equity: Sectoral-Banking | 19 |
| Equity: FMCG | 2 | Equity: Sectoral-FMCG | 2 |
| Equity: Infrastructure | 21 | Equity: Sectoral-Infrastructure | 22 |
| Equity: Pharma | 6 | Equity: Sectoral-Pharma | 6 |
| Equity: Technology | 5 | Equity: Sectoral-Technology | 5 |
| Equity: Small Cap | 37 | Equity: Small Cap | 37 |
| Equity: Thematic | 13 | ||
| Equity: Thematic-Consumption | 8 | ||
| Equity: Thematic-Dividend Yield | 5 | ||
| Equity: Thematic-Energy | 4 | ||
| Equity: Thematic-MNC | 3 | ||
| Equity: Thematic-PSU | 3 | ||
| Equity: Value Oriented | 16 | ||
| Equity: Others | 26 | ||
| Hybrid: Equity-oriented | 57 | Hybrid: Aggressive Hybrid | 38 |
| Hybrid: Arbitrage | 20 | Hybrid: Arbitrage | 20 |
| Hybrid: Balanced Advantage | 2 | ||
| Hybrid: Debt-oriented Aggressive | 40 | Hybrid: Balanced Hybrid | 12 |
| Hybrid: Debt-oriented Conservative | 211 | Hybrid: Conservative Hybrid | 241 |
| Hybrid: Asset Allocation | 9 | Hybrid: Dynamic Asset Allocation | 17 |
| Hybrid: Equity Savings | 16 | ||
| Hybrid: Multi Asset Allocation | 16 | ||
| Hybrid: Others | 15 | ||
| Gold: Funds | 23 | Commodities: Gold | 23 |
