SEBI issued 47 warning letters to mutual fund houses in the last financial year, and the watchdog in consultation with the central government is examining various issues related to mutual funds on a continuous basis.
In a written reply to the Lok Sabha, Union minister Anurag Thakur said that SEBI, in its regulatory oversight, has noticed various irregularities with respect to functioning of mutual funds like failure to identify and appropriate all the expenses in individual schemes as per regulatory requirements.
