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Sebi to introduce product labelling for MFs soon

Source : PTI
Last Updated: Sat, Feb 02, 2013 11:31 hrs
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Capital market regulator 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," S V Muralidhar Rao, executive director of Sebi (Securities and Exchange Board of India) said today.

Rao said another important agenda on 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 it at the mutual fund advisory committee," Rao told reporters on the sidelines of an ICC seminar here.

On infra-financing MF products, Rao said Sebi would bring about an amendment since no such specific schemes were found to be floating last year.

He said the total assets under management of the MF industry till December, 2012 grew by 12.7 per cent.

Sebi is also working with Association of Mutual Funds of India to make Rajiv Gandhi Equity Savings Schemes popular among the investing community.




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