MF intermediaries under Sebi's scanner
The clamour for regulating the intermediaries in the mutual fund industry grows louder and with fund houses and distributors joining in, pressure is building up on the Securities Exchange Board of India (SEBI) to act. The assets of India's mutual fund industry have grown to over $80 billion, but the channels that distribute these products remain largely unregulated and fund houses now clamour for some much needed oversight.
