SBI, L&T to discontinue 19 MF schemes | india | Hindustan Times
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SBI, L&T to discontinue 19 MF schemes

india Updated: Oct 11, 2012 21:47 IST
HT Correspondent

L&T Mutual Fund and SBI Mutual Fund on Thursday said they would discontinue a total of 19 schemes to comply with market regulator SEBI's 'one-plan one-scheme guidelines.'

While L&T would discontinue 9 schemes, SBI would discontinue 10, the funds told BSE in a statement. Earlier this month five fund houses had listed out a total of 190 schemes that have been discontinued to comply with the SEBI guidelines.

The SEBI guidelines require fund houses to launch only one plan per scheme with effect from this month