The Securities and Exchange Board of India (Sebi) has revamped mutual fund scheme classifications, mandating uniform naming conventions and eliminating the solution-oriented category. New rules also cap portfolio overlaps for thematic equity funds, potentially leading to consolidation and impacting arbitrage fund returns. These changes aim for investor clarity and scheme uniformity.
Wall Street Week Ahead: AI disruption hangs over US markets as investors wary of risks
Artificial intelligence is creating uncertainty for the US stock market. Investors are watching closely for how this technology will change businesses. Key economic reports and