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Ashwani Bhatia, Whole Time Member, SEBI said that futures and options traders should learn from the mutual fund industry.
Bhatia was speaking at the AMFI annual general board meeting held today in Mumbai.
Bhatia said the F&O traders have been losing a lot of money in speculation. On the other hand, the MF industry saw growth in terms of the number of investors and the number of folios. In fact, today, people discuss their mutual fund portfolios in family get togethers and parties.
Bhatia further said that taking cue from the mutual fund sahi hai campaign, the regulator is contemplating on spreading awareness about other capital market products like REITs and InvITs.
During the AGM, SEBI Chief Madhabi Puri Buch launched two new initiatives of AMFI on financial literacy - Bharat Nivesh Young Minds and Bharat Nivesh Yatra.
While the Bharat Nivesh Young Minds is an essay competition for school students, Bharat Nivesh Yatra will carry out investor education sessions in over 170 locations spread across 30,000 kms through a bus journey.
The SEBI chairperson said that the market regulator believes in co-creation i.e. deliberating with the industry before coming out with any regulation.
Highlighting what she likes about AMFI, Buch said that the active participation of senior MF officials with rich experience takes it ahead of other industry bodies.
Among other key things that sets AMFI ahead are subject matter expertise through various committees and clear vision.
Buch said that the market regulator is about to come out with the final regulations on the MF Lite regulations soon. She said that SEBI is open to suggestions to strengthen distribution of passive funds in India.
