Capital markets regulator Sebi is looking at introducing a performance-linked incentive for mutual funds and will soon be coming out with a consultative paper on the same, a senior official said on Wednesday.
The Securities and Exchange Board of India (Sebi) has suspended the ‘B30 scheme’ which pushed the industry to go to newer geographies, because of undesirable practices, and will soon be coming out with a revised scheme, the watchdog’s executive director Manoj Kumar said.
Kumar said Sebi generally focuses on pushing the industry to pass on the benefits of changes like technology to the MF (Mutual Fund) investors, which may not be welcomed in certain quarters in the industry.
” we are trying to focus. Shortly, you will see once we come out with a consultative paper where we will try to link performance and try to see surrounding that performance what incentive structure we can create,” Kumar said while speaking at a MF summit organised by industry lobby CII.
He, however, did not
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