The finance ministry is likely to hold a meeting with MF stakeholders
on July 02, 2012, reports CNBC TV 18
In a meeting with finance ministry officials yesterday
to chalk out a plan for economic revival, Manmohan Singh has underlined the
need to set things right for the mutual fund industry.
“On the Financial Sector side, we need to see
how we can improve matters. There are issues about the Mutual Funds industry
which need to be resolved. The Insurance sector has seen a slowing down which
is not normal in a country with large unmet insurance needs. This needs to be
looked into,” stated a release posted on Prime Ministry’s website.
CNBC TV 18 reports that the finance ministry
is likely to meet the stakeholders in the mutual fund industry including
distributors on July 02, 2012. The report says that the finance ministry could
ask SEBI to have a relook at entry loads.
It certainly seems now that the industry
issues are going to be dealt with an urgency and importance that many in the
industry feel they deserve.