“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.”
