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  • News From Press Sebi mulls making mutual funds investor friendly; all you want to know

    Sebi mulls making mutual funds investor friendly; all you want to know

    Source: The Financial Express Jun 28, 2017

    In order to bring in transparency in the working of investment advisers and prevent conflict of interest that exists between advising and selling of investment products, the markets regulator has proposed a host of changes in the Investment Advisers (IA) Regulations, 2013. The Securities and Exchange Board of India (Sebi) has underlined that the investment adviser should act in the best interest of the client and should not receive commission from the product manufacturers. The advise will have to be offered after thorough analysis and taking into account the available investment alternatives and matching them with the customer’s suitability and needs. “Entities engaged solely in the business of advising on investment products shall not be permitted to sell any products to prevent conflict of interest,” says the regulator’s second consultation paper to amend the Sebi (Investment Advisers) Regulations, 2013, based on the feedback received from the public.

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