SEBI to rationalize mutual fund schemes. Will it help us?

What will be the impact of the move by SEBI to rationalize mutual fund categories and schemes? How do you think it would help increase retail participation and help us all in our best interests? (Check the circular here)

Mutual funds will now be made to clearly differentiate schemes based on asset allocation and investment strategy. SEBI is encouraging to bring in uniformity among similar types of schemes launched by different mutual funds.