Real estate MF guidelines next week: Sebi chief

 Speaking on the volatile market, he said mutual funds have become far more significant players today than they were six months ago. Earlier, when FIIs were net sellers, the Sensex would go down, but now when they are net sellers, the market has gone up and when net buyers, the market has gone down, he added.

"The Indian mutual fund industry has to step up its pace and Indian markets should be driven by Indian funds," Damodaran said.