Insurance regulator, IRDAI, will do well to follow the example set by SEBI in protecting investors. Insurance companies manage more money than mutual funds and it is essential that the insurance industry is regulated with the interest of policyholders in mind. As of March 2015, insurance companies managed ₹22.5 lakh crore while MFs managed about ₹10.82 lakh crore. But while SEBI has been tightening its vigilance on distributors and mutual fund houses, IRDAI actions are not entirely in investors’ favour.
Small-cap mutual funds' assets soar 83% to Rs 2.43 lakh crore in FY24 on retail investor boom
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