SEBI: Mutual fund industry needs to consolidate the schemes
Jun 30 2017
News Category: Regulatory Updates
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According to the chairman of Securities and Exchange Board of India (SEBI), mutual fund industry needs to consolidate the schemes and the fund houses need to improve their due diligence rather than depending only on credit rating agencies. The SEBI chief has further cautioned the fund managers against adding bad assets to their portfolios when investing in fixed-income securities. 

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