Sebi chief Buch calls mutual funds ‘bada beta’, wants AMFI to answer tough questions

Madhabi Puri Buch, Chairperson, Sebi

Synopsis

Speaking at the AMFI event, Madhabi Puri Buch discussed insider trading, expense ratios, and investor safety. She wants the mutual fund regulator to implement robust self-regulation measures and form an ethics committee, which would be responsible for taking action against individuals involved in misconduct.

Madhabi Puri Buch, chairperson, Securities and Exchange Board of India (Sebi), considers mutual funds ‘safe’ for investments. And to ensure that trust, she emphasised that the sector regulator, Association of Mutual Funds in India (AMFI), must implement robust self-regulation measures; otherwise, Sebi will step in to ensure investor protection. Speaking at the inauguration of AMFI’s new office on May 30, Buch said on a lighter note, “Last time

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