The Securities and Exchange Board of India (Sebi) has allowed equity funds to allocate a portion of their portfolios to gold and silver funds, scrapped solution-oriented funds as a category, and introduced sectoral debt funds. Here are major announcements from the capital markets regulator's latest exercise in categorisation and rationalisation of mutual fund schemes. As per the Sebi circular dated 26 February, equity mutual funds may allocate up to 35% of their noncore allocation to gold and silver, as well as Infrastructure Investment Trusts (InvITs) and debt instruments.