The Securities and Exchange Board of India (SEBI) may seek to ‘name and shame’ mutual fund (MF) managers for reckless investments. The market regulator will set out stringent norms for fund managers who want to make use of the recently announced scheme of ‘side pocketing,’ which is nothing but segregating bad assets into a separate folio.
Further, SEBI will ask the MF trustees or board of the holding company to form a policy for withholding the fund managers’ bonus for availing ‘side pocketing,’ sources told BusinessLine.
