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