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Investors will profit from SEBI's significant reforms to the mutual fund regulations
Mutual Fund: The Securities and Exchange Board of India (SEBI) is preparing to simplify the rules related to mutual funds. SEBI is doing a comprehensive review so that mutual funds can be made investor-centric and industry-friendly. Draft rules will be issued soon for the feedback and consultation process.
Market regulator SEBI is planning to make a big change in mutual fund regulations. They are making preparations to make the mutual fund investor-centric and industry-friendly. SEBI Executive Director Manoj Kumar on Saturday gave this information. He said that we are reviewing the entire regulatory framework of mutual funds so that it is easy for all stakeholders to do business.
Stakeholders said that the existing rules are quite long. At the same time, they need to be simplified to keep pace with the emerging needs of investors and innovations in the industry. Without giving a timeline, Kumar said that the process has started. We will soon issue draft rules for the feedback and consultation process.
Kumar said that India's mutual fund industry has crossed Rs 72 lakh crore in AUM. At the same time, the monthly SIP contribution has reached Rs 28,000 crore. Yet the investor base is limited to just five crore in a population of 140 crore.
