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A reclassified fund must serve your objective

“The fundamental attributes of many funds have changed to clearly highlight the maturity bucket of the portfolio (in case debt funds) or the large cap/mid-cap definition of the universe (in equity funds) to align with Sebi's prescribed definitions of scheme categories. If the proposed change causes a significant shift in the way the fund will be managed, investors need to take a call on whether they agree with the change. If not, they should exit and re-allocate to funds that are better aligned with their objectives.”