Sebi to soon notify non-tax proposals of mutual fund policy

Mar 23 2014, 13:43 IST
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SummaryRegulator Sebi is giving final touches to proposals aimed at bringing greater seriousness among mutual fund houses, by raising their minimum networth requirements and making it mandatory for them to contribute their own seed capital along with investors' money.

literature in regional languages for investor education and financial inclusion. Such regional language investor awareness campaigns would also be introduced in print and electronic media.

Besides, circulars are being finalised for developing a system for active support to PSU banks for distribution of mutual funds. Besides, all MFs would need to provide online investment facility and tap the internet and mobile phone users for direct distribution of products.

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