The strongly worded statement of Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi asking the mutual fund industry to behave like “investors” and not “bankers” comes at a time when Franklin Templeton Mutual Fund has shut down six of its debt fund schemes, with assets under management of Rs 30,000 crore. More importantly, 300,000 investors have been adversely impacted due to this decision.
Irdai directs cos to meet social sector obligations
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