(MC)
To make mutual funds more attractive for investors, Sebi will take measures to bring cost effectiveness in the sector by promoting go green initiatives through online transactions and examine the existing expense ratio applicable for various schemes. Besides, measures will be taken to bring uniformity in various practices of the mutual fund industry in the areas of governance, risk management, due diligence process and channels of distributions among others.
Also, the markets regulator will explore the possibilities of increasing penetration through technology based initiatives by creating awareness through various digital mediums.”In an effort to make mutual funds industry more attractive for stakeholders, steps will be taken to bring cost effectiveness in the mutual fund industry by promoting go green initiatives through online transactions and examining the existing expense ratio applicable for various mutual fund schemes,” Sebi said in its annual report for 2017-18.
