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SEBI to avoid conflict between regulators

According to SEBI, any decision about bringing in pension sector money into the mutual fund will be taken only after talking to all the regulators

July 19, 2012 5:30 IST | India Infoline News Service
To attract flow of capital in the mutual fund industry, SEBI (Securities and Exchange Board of India) chairman, UK Sinha had called on the deputy chairman of the Planning Commission, Montek Singh Ahluwalia, on Monday.

In June, prime minister Dr Mamohan Singh after taking over the Finance portfolio had said, “On the financial sector side, we need to see how we can improve matters. There are issues about the mutual fund industry which need to be resolved.”

According to SEBI chairman, any decision about bringing in pension sector money into the mutual fund will be taken only after consulting to all the regulators. SEBI’s effort will be to avoid turf war between different regulators on investment into mutual fund.

Mr Sinha further said, SEBI will work towards reviving interest in mutual fund industry. Decision on mutual fund industry will be taken at the next board meet. However, no details are provided of the next board meet.

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