SEBI panel to look at MF regulations
SEBI plans to set up an advisory committee on mutual funds in a month's time, to understand the needs and problems of the industry. Gainers & Losers I All Headlines
By ET Online |
MUMBAI: Chairman CB Bhave said Securities and Exchange Board of India plans to set up an advisory committee on mutual funds in a month���s time, to understand the needs and problems of the industry and to see if any regulatory changes are necessary.
Bhave said the committee would seek advice from participants for betterment of the industry. He said the markets regulator had received complaints from investors on problems faced at redemption and HR related issues with regard to distributors.
Bhave said the committee would seek advice from participants for betterment of the industry. He said the markets regulator had received complaints from investors on problems faced at redemption and HR related issues with regard to distributors.
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The SEBI head was speaking at a CII organized conference on the mutual fund industry.
Meanwhile, Association of Mutual Funds in India head AP Kurian sought relaxation on PAN norms from the SEBI chief.
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