SEBI has revamped mutual fund categories. New rules simplify schemes for investors. Lifecycle funds offer goal-based investing. Existing solution-oriented funds will merge. Fund houses can now offer both value and contra funds with limits. Sectoral and thematic funds also face new overlap rules. These changes aim for greater transparency and easier comparison for all investors.
Yes Bank shares rise 3% after Q2 business update shows loans surging 24% YoY, deposits up 20%
Yes Bank shares rose after the lender reported a 23.8% YoY growth in loans and advances to around Rs 3.1 lakh crore in Q2 FY27.