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Sebi gives regulatory cover to investors, but they still need to evaluate their portfolios before investing. Look at portfolios and strategies of schemes, and their suitability to your risk preferences and investing period. The Securities and Exchange Board of India (Sebi) brought in two new regulations recently that aim to enhance the investment experience in mutual funds. One brought in an additional layer of protection for investors in fixed-income products and another gave equity investors an additional category to invest in, as per their risk and return preference.