The Ministry of Corporate Affairs has asked market regulator Securities and Exchange Board of India (Sebi) to examine whether there are any issues of conflict of interest occurring between sponsors of mutual funds (MFs), trustee companies and asset management companies (AMCs).

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The ministry, taking cognizance of a representation made by mutual fund industry expert Vijay Gokhale, in a letter to Sebi has asked the regulator to examine the matter at the earliest.
</p><p class='TableClas'>Gokhale, in his representation to Sebi as well as the Ministry, said many AMCs carry out practically all activities pertaining to the fund on behalf of the trustees and the AMC is virtually the face and mouthpiece of the fund.
</p><p class='TableClas'>He said there should be an 

Govt wants Sebi to examine conflict of interest in MFs

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Govt wants Sebi to examine conflict of interest in MFs

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