Market regulator Sebi may could soon step into the crisis in debt mutual funds, after Kotak AMC and HDFC AMC rolled over some of their fixed maturity plans (FMP), putting investors' money at risk. Sources told ETNow that Sebi could soon unveil fresh directives to reign in mutual funds acting like banks.
“Mutual funds are not banks. They do not have capital adequacy ratio like banks, neither do they have the adequate expertise to evaluate risks. So why should investors' money be put at ..
