Mumbai
The International Advisory Board (IAB) of the Securities and Exchange Board of India on Friday observed that there is a need to widen the reach of the mutual fund industry. The IAB, in its first meeting today, emphasised that in order to enhance the participation of households, the MF industry has to educate investors of the attractiveness of mutual funds vis-a-vis other financial products. The panel stressed the need for mutual funds to offer life cycle products along with regular products. It underscored the need to have in place an effective framework for regulation of distributors.
