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Govt to allow pension money in MFs: SEBI

SEBI chairman UK Sinha said that the mutual fund industry has followed the regulator's diktat of limiting sectoral concentration in debt funds very well.

June 26, 2014 1:39 IST | India Infoline News Service
Securities and Exchange Board of India (SEBI) has asked the government in the forthcoming budget to allow domestic pension funds to invest in equities through asset management companies. The new government will announce the budget on July 10.
Speaking at the 10th CII MF Summit in Mumbai, SEBI chairman UK Sinha said that the mutual fund industry has followed the regulator's diktat of limiting sectoral concentration in debt funds very well.
85% of equity funds have outperformed their benchmark during the last three years, while 88% of equity funds have outperformed their benchmarks in the last five years, Sinha added.
SEBI has framed rules on real estate investment trusts and infrastructure trusts. It has recommended to the government that pass through status be given to these trusts, Sinha further said.

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