Plans to make mutual fund rules more investor and industry friendly: SEBI official

The Securities and Exchange Board of India (SEBI) is undertaking a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday.

- 

“We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator,” SEBI executive director Manoj Kumar said at the 17th Mutual Fund Summit organised by the Indian Chamber of Commerce (ICC) here.

Existing regulations governing the sector are among the lengthiest and require simplification to keep pace with evolving investor needs and industry innovations, stakeholders said.

“The process has started and soon we will come out with draft regulations for feedback and consultation process before it is finalised,” Kumar said without giving any timeline for the roll-out of the new rules.

Kumar outlined the regulator’s strategic roadmap to strengthen India’s securities market, with mutual funds posi-