News From Press No explicit compensation scheme to protect mutual fund investors in India: Report

No explicit compensation scheme to protect mutual fund investors in India: Report

Source: PTI/The Economic Times May 14, 2020

India does not have an explicit compensation scheme to protect mutual fund investors in case of a fund company wrongdoing, according to a report by Morningstar.

Overall, regulation of the India's mutual fund industry has been proactive and effective, it added.

According to Morningstar biannual Global Investor Experience report on regulation and taxes, India received an "average" grade and the country matches global best practices in many areas of regulation.

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2 Comments

Prashant · 3 years ago `

Why are they buttering the regulator? How is the regulator proactive and effective? This is absurd

Prashant · 3 years ago `

This article is so buyest towards distributors although they are the ones because of who these multi national companies are making this huge money and are where they are. Also distributors are the only reason why there is an inflow yo these multi national ccompanies. Recently we saw one of these company who shut their 6 funds to which regulator is absolutely silent which means that the regulator is only working to benefit the companies by so called rationalising TER and reducing distributor commissions and introducing direct plans which only benefit these multi national ccompanies. Also when it comes to safeguarding the investor's money, they are a big zero.

Shame shame shame

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