SEBI's big preparation- These women investing in Mutual Funds will get more benefit

News Topical, Digital Desk : Market regulator SEBI is preparing to take a big step with the intention of increasing the participation of women in mutual funds. SEBI chief Tuhin Kanta Pandey recently said that the market regulator is planning to give extra incentives to first-time female investors. Pandey said at a program of the Association of Mutual Funds in India (AMFI) that financial inclusion will remain incomplete until women are given equal representation.

SEBI Chief said that SEBI is taking several measures to encourage the industry. One such recent proposal is to encourage distributors in B30 cities (Tier 2 and Tier 3 cities). This step will not only add new investors, but will also increase the reach of mutual funds to low investment areas, which will benefit the industry.

SEBI is reviewing mutual fund schemes Pandey said that SEBI is reviewing the categories of mutual fund schemes to provide more flexibility for product innovation, improve clarity and solve the problem of overlap in the portfolio of schemes. He said that the next steps will be taken based on the feedback received from the consultation process. SEBI Chairman said that these measures will help the industry to become more transparent and investor-friendly. 

Relief given to AMCs Recently, SEBI reviewed the reports and filings submitted by mutual funds under ease of doing business and compliance simplification measures. Based on this, the regulator has decided to eliminate the need for filing of more than 52 reports, notices and addendums by asset management companies (AMCs). In the next few months, the market regulator will also work towards simplifying mutual fund rules. Pandey said that its aim is to make compliance easier for the industry while protecting the interests of investors. 

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