Comments
The Finance Ministry is set to finalise on Thursday an action plan for revitalising the mutual fund industry. In this regard, there will be second meeting with industry players and SEBI officials.
A Senior Finance Ministry official said, “We will finalise issues that can be considered to help the sector. The Government can consider incentivising the distribution network.” The plan will have two parts — one which can be implemented by the market regulator, and other which could be done by the Government.
SEBI is to decide about increasing the total expense ratio. For the Government, it has to decide about Service Tax. The industry has demanded that it should be borne by the investors. Now the Department of Revenue has to take a call on this.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.