News From Press Sebi tells mutual funds to reduce number of funds under management

Sebi tells mutual funds to reduce number of funds under management

Source: The Economic Times Apr 2, 2016

The Securities & Exchange Board of India has told mutual funds to drastically reduce the number of funds under management and stick to only one fund per category in an attempt to end the complexities of mutual fund investing. The regulator believes that the current products list, longer than the number of actively traded listed stocks on stock exchanges, is confusing investors.

A plethora of schemes makes it impossible for an investor to gauge a fund's suitability and often the

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5 Comments

SANDEEP KULWADE · 8 years ago `

Very very excellent and exact move by SEBI. It was very long awaited.... It will clear the picture among the schemes. Well done SEBI

n. Narayanan · 8 years ago `

It is a step in the right direction as this will lead to proper level playing amongst the large AMCs and small AMCs as SEBI has been restricting small AMCs from launching similar schemes with some changes

A.N.kurikose · 8 years ago `

LONG AWAITED BY THE INVESTORS. NOT JUST REDUCTIONS.IT SHOULD BE DRASTIC ONE TO AVOID CONFUSION AMONG THE INVESTORS AS WELL AS THE DISTRIBUTORS. LOT OF TIME SAVING TO MAKE DECISION AMONG.

sahasrabuddhe · 8 years ago `

Very good move in good direction

Raajeev chawla · 8 years ago `

First SEBI allows AMCs to bring multiple NFOs and then asks them to merge them. An AMC brought 30 NFOs in a span of about 2 years. Seems SEBI is there to benefit AMCs and not the investors.

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