SEBI panel to look at MF regulations

[N.Sukumar]

MUMBAI: Chairman CB Bhave said Securities and Exchange Board of India
plans to set up an advisory committee on mutual funds in a month’s
time, to understand the needs and problems of the industry and to see
if any regulatory changes are necessary.

Bhave said the committee would seek advice from participants for
betterment of the industry. He said the markets regulator had received
complaints from investors on problems faced at redemption and HR
related issues with regard to distributors.

The SEBI head was speaking at a CII organized conference on the mutual
fund industry.

Meanwhile, Association of Mutual Funds in India head AP Kurian sought
relaxation on PAN norms from the SEBI chief.

N.Sukumar
Research Analyst