Sebi chairman U K Sinha, who was reappointed as the head of the regulatory agency for a fresh one-year term from Thursday, identified increasing retail participation in the Indian stock markets, strengthening the rules for commodities market and cracking down on ponzi schemes as his priority areas.
"We have received very encouraging response to the steps that we had initiated on mutual funds. It has resulted in much greater retail participation and has helped create a strong base of domestic institutional investors. We want to carry forward this work," Sinha told TOI. During the first 10 months of the current financial year, 40 lakh new mutual fund folios have been added, which have been attributed a the rise in subscriptions to systematic investment plans (SIPs) that middle class families are now opting to park their savings.
