Since 2013, SEBI has been trying to police the way mutual funds are being presented to the investors, trying to make it increasingly transparent. At first, there were the color-coded risk-profilers that came along with the mutual funds. But in 2015, SEBI probably thought the investors were having to indulge in a lot of logical reasoning trying to match the colours with the risk profiles, and thus introduced the Riskometer. A standard Riskometer is a…