Sebi may set common MF transaction norms to push ease of doing business

The efforts are expected to make life easier for investors and boost mutual fund penetration

The Securities and Exchange Board of India (Sebi) is looking to bring in uniformity in the way transactions are done across asset management companies (AMCs) in a bid to make things simpler for investors and boost retail participation in mutual funds (MFs).
 

The regulator is working on a template that would standardise processes and documents required for appointing or changing nominees, a bank account inclusion or change, a minor turning a major, a change of guardian, transmitting MF units to kith and kin, and changing email/mobile, among other things.
 

Investment application and redemption forms are also sought to be made