Mf Vendors Told To Follow Amfi Norms..

The Securities and Exchange Board of India (Sebi) has asked mutual funds (MFs) to ensure that their distributors adhere strictly to the conduct laid down by the Association of Mutual Funds of India (Amfi) recently.

The markets regulator has put the onus for adherence to the code by the intermediaries on the mutual funds themselves. If any intermediary does not comply with the code of conduct, the mutual fund should report it to Amfi and Sebi. No mutual fund shall deal with those intermediaries who do not follow code of conduct.

The salient points under the code of conduct stipulates that the intermediaries take necessary steps to ensure that the clients