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.
