Skin in the game (SITG) investing, mandated by Securities and Exchange Board of India (Sebi) for designated employees (DEs)—C-class executives, fund managers, compliance officers, etc.—of asset management companies (AMCs), completed its first year in September 2022. This move entailed these employees to mandatorily invest 20% of their take-home salary in units of mutual fund (MF) schemes that are under their direct purview or management. These units are locked in for a period of three years and subject to claw-back in case of violation of the model code of conduct prescribed by AMCs and Amfi (Association of mutual funds in India).
Beyond college funds: Why parents need to invest for a skills-first future
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