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Sebi to introduce product labelling for MFs soon

Capital markets regulator to also bring out a long-term policy on mutual funds
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First Published: Sat, Feb 02 2013. 04 37 PM IST
Sebi executive director Muralidhar Rao said the total assets under management of the MF industry till December 2012 grew 12.7%. Photo: Abhijit Bhatlekar/Mint
Sebi executive director Muralidhar Rao said the total assets under management of the MF industry till December 2012 grew 12.7%. Photo: Abhijit Bhatlekar/Mint
Kolkata: The Securities and Exchange Board of India, or Sebi, will soon introduce product labelling for mutual funds to make the investors aware of any risks associated with it.
“Product labelling is an important investor education agenda for Sebi. The scheme profile will be given very shortly and finally it will be with colour codes,” Sebi executive director S.V. Muralidhar Rao, said on Saturday.
Rao said another important agenda on the Sebi scheme of things was to spell out a long-term policy on mutual funds.
“Sebi will shortly bring out a long-term policy on mutual funds. That will be basically a taxation issue. The board of Sebi had approved idea of a long-term policy last year. We are going to deliberate on it at the mutual fund advisory committee,” Rao said on the sidelines of an seminar.
On infra-financing MF products, Rao said Sebi will bring about an amendment since no such specific schemes were found to be floating last year. He said total assets under management of the MF industry till December 2012 grew by 12.7%. Sebi is also working with the Association of Mutual Funds of India (Amfi) to make the Rajiv Gandhi Equity Savings Schemes popular among investors.
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First Published: Sat, Feb 02 2013. 04 37 PM IST
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