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Sebi looking to tweak mutual fund risk management framework, says official

The framework covers aspects such as roles and responsibilities of trustees, the board, management and even key personnel of asset management companies.

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Chirag Madia Mumbai
The Securities and Exchange Board of India (Sebi) is looking to tweak the risk management framework for mutual funds (MFs), S V Murali Dhar Rao, executive director, Sebi said on Wednesday.

The framework covers aspects such as roles and responsibilities of trustees, the board, management and even key personnel of asset management companies.

“In view of the changing landscape of the MF industry and financial markets in general, the regulator is in process of issuing a revised risk management framework for MF,” Rao said at a panel discussion organised by FICCI.

Sebi is also looking at measures for developing passive funds. These include

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First Published: Jul 28 2021 | 7:45 PM IST

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