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SEBI to announce norms for MF distributors

Our Bureau

Mumbai , Nov. 23

Capital markets regulator SEBI will soon prescribe qualification norms for distributors of mutual funds. "We will be coming out with norms on the required qualifications for fund managers," said Mr M. Damodaran, Chairman SEBI, at an informal press briefing in Mumbai on Wednesday.

Welcoming the move, Mr A.P. Kurien, Chairman, Association of Mutual Funds in India (AMFI), said it would place the mutual fund industry on par with global markets.

"Fund management is an extremely complex, skilful and disciplined profession. From the investor- interest point of view it has to be handled by people who are appropriately qualified," the AMFI Chairman told Business Line.

More Stories on : Financial Services | Regulatory Bodies & Rulings | Mutual Funds

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