A PYMNTS Company

India: Sebi to set rules for merger of mutual fund schemes

By  |  August 28, 2017

The mutual fund industry is in wait-and-watch mode over regulations regarding merger of mutual fund schemes.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The mutual fund advisory panel appointed by the Securities and Exchange Board of India (Sebi) is due to meet on Friday amid expectations that fund houses may not be allowed to continue with multiple schemes in the same category.

    There are 2,041 schemes offered by 40 mutual funds, averaging 50 per fund house. Sebi feels these are too many for investors to understand, differentiate and choose from.

    Last month, Sebi launched an online registration mechanism for mutual funds, a move aimed at making it easier for the existing and new fund houses to complete their registration with the markets regulator in a much faster and cost-effective way.

    Experts believe that Sebi’s move towards paperless online mechanism for registration for mutual funds will turn into a boon for the sector.

    Full Content: Economic Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.