News From Press Funds need to adapt quickly to new Sebi rules

Funds need to adapt quickly to new Sebi rules

Source: Mint Jul 10, 2018

The biggest global sporting extravaganza—the FIFA world cup—is on and what a group stage it was: Croatia defeated Argentina; Mexico beat Germany; Japan beat Colombia, and defending champions Germany did not even qualify for the knock-outs. Things can change in an instant; and success lies in being able to adapt. Demonetisation and GST implementation are recent examples of such events. The latest such change that the mutual funds industry has to weather is product categorisation by Securities and Exchange Board of India (Sebi).

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