The Securities and Exchange Board of India (Sebi) may tighten regulations for mutual funds and alternative investment funds (AIFs) in its upcoming board meeting.
The role of chief executive officers and managing directors of MFs may come under greater scrutiny. MF trustees as well as independent auditors or lawyers may be asked to review the performance of all MD-CEOs. The chiefs will have to file undertakings declaring that the investments made by the fund house are kosher and do not violate existing guidelines.
