{"id":13537,"date":"2018-04-20T18:16:38","date_gmt":"2018-04-20T12:46:38","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=13537"},"modified":"2019-11-08T11:19:34","modified_gmt":"2019-11-08T05:49:34","slug":"changes-to-fundsindias-select-funds-2","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/mf-research\/changes-to-fundsindias-select-funds-2\/13537","title":{"rendered":"Changes to FundsIndia&#8217;s Select Funds"},"content":{"rendered":"<img loading=\"lazy\" class=\"aligncenter size-large wp-image-13540\" src=\"https:\/\/blog.fundsindia.com\/blog\/wp-content\/uploads\/2018\/04\/Mailer-19.04-02-1024x512.jpg\" alt=\"We've made some changes to the FundsIndia research recommended Select Funds mutual fund list\" width=\"640\" height=\"320\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/04\/Mailer-19.04-02-1024x512.jpg 1024w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/04\/Mailer-19.04-02-300x150.jpg 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/04\/Mailer-19.04-02-768x384.jpg 768w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/04\/Mailer-19.04-02.jpg 1251w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\n<p>These are changing times for mutual funds. In October 2017, SEBI came up with two important rules:<br \/>\none, it defined the categories of funds AMCs are allowed to hold and under each category the broad<br \/>\nuniverse and proportion of instruments they are required to invest in. This was mandated across<br \/>\nequity, debt and multi-asset categories. Further, SEBI also stipulated that a fund house could have<br \/>\nonly one fund (barring a few such as thematic, index, etc) in each category<\/p>\n<p>The upshot of this is that fund houses are currently in the process of fitting their funds into each of<br \/>\nthese categories. With this exercise:<\/p>\n<ul>\n<li>Some funds will see no change in strategy or category \u2013 for example, a <a href=\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-explains-what-are-largecap-funds\/10671\" target=\"_blank\" rel=\"noopener\">large-cap fund<\/a> being<br \/>\nslotted into the large-cap category.<\/li>\n<li>Some funds will see a change in their category without necessarily undergoing a change in strategy<br \/>\n\u2013 for example, a high-quality income fund becoming a corporate bond fund<\/li>\n<li>Some funds will see a change in both category and strategy.<\/li>\n<\/ul>\n<p>We have always had a process to define categories based on fund strategies and portfolios. This<br \/>\nensured that we categorised them appropriately (well before the SEBI mandate) and compared them<br \/>\nwith the right set of peers. We also ensured that the Select Funds comprised funds with a unique and<br \/>\nclearly defined strategy and avoid, wherever possible, multiple funds that follow like-styles.<\/p>\n<p>The bulk of the Select Funds list, therefore, tick the first two points mentioned above. So the good<br \/>\nnews is that if you hold funds recommended by us, these changes would have minimal to no<br \/>\ndisruption to your portfolio. Outside of that, there is quite a bit of task of understanding what<br \/>\nchanged and how to deal with it.<\/p>\n<p>We would also like to caution you that the next 6-8 quarters will be challenging if you try to choose<br \/>\nfunds or exit them on your own without knowing the background of the strategy change. Our research<br \/>\nmethodology will continue to ensure that the changes are appropriately dealt with when picking funds<br \/>\nfor our list.<\/p>\n<p>As a FundsIndia investor, you would have received an email listing the changes this quarter and the reasoning behind these changes. You can view the updated list by logging into your FundsIndia account, or by\u00a0accessing\u00a0<a href=\"http:\/\/www.fundsindia.com\/select-funds\" target=\"_blank\" rel=\"noopener\">www.fundsindia.com\/select-funds<\/a>\u00a0(you will need to log in to view the full list).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These are changing times for mutual funds. In October 2017, SEBI came up with two important rules: one, it defined the categories of funds AMCs are allowed to hold and under each category the broad universe and proportion of instruments they are required to invest in. This was mandated across equity, debt and multi-asset categories. [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":13540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[506,6,72,509,510],"tags":[515,138,517,516,518,325,177],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Changes to FundsIndia&#039;s Select Funds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/mf-research\/changes-to-fundsindias-select-funds-2\/13537\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changes to FundsIndia&#039;s Select Funds\" \/>\n<meta property=\"og:description\" content=\"These are changing times for mutual funds. In October 2017, SEBI came up with two important rules: one, it defined the categories of funds AMCs are allowed to hold and under each category the broad universe and proportion of instruments they are required to invest in. This was mandated across equity, debt and multi-asset categories. 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