Sebi wants mutual fund industry to highlight short-term risks better

The Securities and Exchange Board of India (Sebi) wants mutual fund (MF) companies to be more clear while highlighting the risks associated with such investments. On the sidelines of the mutual fund summit on Thursday, Sebi chairman Ajay Tyagi said, “MF investment is not a substitute for a bank savings account. That is obvious. But that should also be said straightaway. This is important to make sure investors have the right set of expectations.” “The regulator’s point is well-taken. We are also having internal discussions to work out ways in which risks can be hi.....

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