Sebi seeks to throw open no-go areas for mutual funds

The move aligns with Sebi's focus on streamlining the regulatory landscape rather than expanding it

- Neha Joshi

Mutual funds may be allowed to enter various business areas currently out of bounds for them, with the stock market regulator reviewing regulations that govern asset management companies.

The Securities and Exchange Board of India (Sebi) is conducting a major review of mutual fund regulation, which is "the lengthiest of all regulations", executive director Manoj Kumar said. The provision restricting business activities of asset management companies (AMCs) will be particularly in focus.