Amfi moots timeframe to pare single-investor plan holdings

The issue of single investor schemes of mutual funds where the bulk of the corpus is held by one high networth investor, is exercising quiet a few minds, including the markets watchdog, the Securities and Exchange Board of India (Sebi).

Now the Association of Mutual Funds of India (Amfi), the apex body for fund houses, has forwarded a proposal to Sebi, wherein it has suggested that the level of the single large investor