MFs should now take reforms forward: SEBI
13 Oct 2012 12:44 AM GMT
SEBI on Friday said that the government and the regulator have done their bit to help the troubled mutual funds and now it is for the industry to take the reform measures forward
‘For the time-being, our task is over and its time for the industry to respond...we recently came up with new set of guidelines on MFs in our efforts to balance the need for attracting investment and help the industry,’ SEBI chairman UK Sinha told a capital markets summit organised by FICCI here.
‘The industry has to go beyond top cities and then you will get good and sustained business,’ he added.
‘For the time-being, our task is over and its time for the industry to respond...we recently came up with new set of guidelines on MFs in our efforts to balance the need for attracting investment and help the industry,’ SEBI chairman UK Sinha told a capital markets summit organised by FICCI here.
‘The industry has to go beyond top cities and then you will get good and sustained business,’ he added.
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