June 26, 2014 7:23 PM

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SEBI Chief keen to implement self-regulation for mutual funds

Market regulator Securities and Exchange Board of India – SEBI – Chief U K Sinha has said that it is keen to implement self-regulation in the 10 trillion rupees mutual fund sector at the earliest. He said SEBI will soon come out with new rules for distributors and advisors. He was speaking at the Mutual Fund Summit organised by the Confederation of Indian Industry, in Mumbai today.The Sebi chief said that although the idea of self-regulatory organisation has been challenged in court, he is hopeful of its implementation.On pension, Sinha said pension funds should come into the mutual funds sector and tax benefits should be offered for investors in real estate investment trusts and infrastructure. The size of the pension market, estimated at over 1.5 trillion rupees in 2010, is expected to rise to over 4 trillion by 2025.

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