Business Standard

New Sebi norms on compensation: Mutual fund houses fear losing talent

To seek changes in circular asking to pay 20% salary to key staffers in scheme units

mutual funds, MF pay

Ashley CoutinhoChirag Madia Mumbai
A section of the mutual fund industry apprehends that the Securities and Exchange Board of India's (Sebi’s) diktat to pay a fifth of the salary of top executives in the form of units of MF schemes may make it harder to retain or attract talent. Many players are now planning to approach the markets regulator through their industry body Association of Mutual Funds in India (Amfi), seeking amendments to the compensation circular issued on Wednesday.
“For a CEO or sales head, I have to invest in every scheme of my AMC? Every single scheme? That’s going to be very

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 29 2021 | 5:56 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to