 "Sebi")
The Securities and Exchange Board of India (Sebi) is considering making changes to the mutual fund (MF) compensation circular issued last month. It was aimed at ensuring that key executives of the Rs 32-trillion industry had enough "skin in the game".
People in the know said the regulator could water down the circular following challenges highlighted by the industry with regards to its implementation.
On April 28, Sebi directed the MF industry to pay a fifth of the salary of key employees in the form of units of the schemes they oversee. This is being done to “align the interest
