New Delhi, July 19 -- The Securities and Exchange Board of India (Sebi) proposed significant changes to mutual fund categorization rules on Friday, with a key provision that will allow Asset Management Companies (AMCs) to launch additional schemes within existing categories once their flagship schemes cross Rs.50,000 crore in assets under management (AUM).

According to data from Value Research, in the equity and hybrid schemes category, the number of actively-managed schemes with more than Rs.50,000 crore-AUM stand at 13, with combined AUM of these funds accounting for over Rs.9 trillion.

This marks the first major revision since the 2017 categorization framework that had standardized mutual fund schemes. The regulator has put up the dr...