The capital market regulator, the Securities and Exchange Board of India (Sebi), looks for dramatic improvement in mutual fund schemes.
"In mutual fund schemes, the improvement is even more dramatic... pendency in the 175 watermarks is down to six", the SEBI chief said in a press conference, adding that in terms of pendency of registration of applicants (new mutual funds), pendency is down. The ageing "isn't that dramatic", she added.
