The Securities and Exchange Board of India (Sebi) on Thursday proposed to more clearly segregate entities advising on investment products from those selling them in an effort to prevent conflicts of interest. Under current rules, companies are allowed both to advise and sell mutual funds or other investment products only through "separately identifiable departments or divisions", which must maintain an "arms-length relationship" between the two functions. Fees charged for each service must also be clearly separated. But the Sebi on Thursday sought to ...
Sebi proposes strict rules for investment products
Fees charged for each service must also be clearly separated