Scheme Categorization: Mutual funds must align scheme names, investment characteristics and portfolio overlap limits to prescribed standards. Mutual funds must classify schemes into Equity, Debt, Hybrid, Life Cycle and Other Schemes with specified minimum asset allocation thresholds, permitted residual investments, and uniform type-of-scheme descriptions; portfolio overlap limits, methodology for computing overlap, glide-paths for realignment, duration rules for debt schemes, lifecycle glide-path allocations and standardized Fund of Funds categories and nomenclature are mandated, and AMCs must modify scheme nomenclature, objectives and disclosures to comply within prescribed timelines and publish monthly overlap disclosures.