SEBI, MF CEOs, AMFI and FIFA to participate in this
meeting with Finance Ministry officials
Mumbai based Foundation of Independent
Financial Advisors (FIFA) will join representatives from SEBI, AMFI and 10 top
CEOs in this meeting with Finance Ministry officials to discuss the issues
afflicting the industry.
“IFAs have been given their due recognition
this time. FIFA will put forth its views on issues facing the industry and
distributors,” says Yogesh Sharma, Director of FIFA.
Expectedly, industry officials are likely to
urge the finance ministry officials to allow Rajiv Gandhi Equity Saving Scheme
(RGESS) to be routed through mutual funds. Distribution compensation issue would
also be taken up because the transaction charges introduced by SEBI did not
yield the desired results.
On 27th June, PM Manmohan Singh
who has taken charge of the finance ministry portfolio had said that there are
some issues in the mutual fund industry which need to be resolved.