MF News MF sale on e-commerce sites likely in a month: Sebi chief

MF sale on e-commerce sites likely in a month: Sebi chief

Source: PTI/Economic Times Dec 31, 2015

SEBI chairman U K Sinha today said sale of mutual funds on e-commerce platforms could become effective in a month, a move which will help deepen the respective market.

The markets regulator has set up a committee under Infosys co-founder Nandan Nilekani to deliberate ways in which electronic means can be used better for sale of mutual funds (MF).

The committee is also working to make sale of mutual funds possible on e-commerce platforms, the Sebi chairman said.
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