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SEBI tells MFs to adopt districts

SEBI chairman UK Sinha said that we are now asking mutual funds to select and adopt districts. This may help increase the penetration of mutual funds.

October 30, 2013 1:03 IST | India Infoline News Service
In order to increase the penetration of mutual funds in various districts, Securities and Exchange Board of India has asked mutual funds to adopt different districts.

SEBI chairman UK Sinha said that we are now asking mutual funds to select and adopt districts. This may help increase the penetration of mutual funds.

Sinha was speaking at a conference on investor protection in capital markets in Mumbai on Monday.

According to a Crisil report, quoting AMFI data, the top five cities contribute 74 per cent to the pie, with the remaining 26 per cent distributed among other cities.



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