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At the FICCI India's Annual Capital Markets Conference (CAPAM) 2022, SEBI Chairperson Madhabi Puri Buch said that the market regulator is open to suggestions to make investor awareness programs more impactful.
Answering a question, Madhabi said while the market regulator has put in place a mechanism to monitor such sessions undertaken by AMFI and AMCs, it welcomes suggestion from industry participants to make it more effective and engaging.
Madhabi said, "We have a number of checks to monitor IAPs; many of them have proved relevant during the pandemic. We are going more and more digital; we have new sets of checks, which are in the process. If there are any suggestions to make it more effective and better, we are open to suggestions."
SEBI mandates fund houses to spend at least 2 bps on daily net assets within the maximum limit of TER for investor education and awareness initiatives.
