Sebi to introduce product labelling for MFs soon

Written by fe Bureau | Kolkata | Updated: Feb 3 2013, 07:24am hrs
Capital market regulator Sebi will soon introduce product labelling for mutual funds to make investors aware of any risks associated with it. Product labelling is an important investor education agenda for Sebi. The scheme profile will be given very shortly and, finally, it will be with colour codes, SV Muralidhar Rao, executive director of Sebi, said on Saturday.

Rao said another important agenda was to spell out a long-term policy on MFs. Sebi will shortly bring out a long-term policy on mutual funds. That will be basically a taxation issue. The board of Sebi had approved an idea of a long-term policy last year. We are going to deliberate it at the mutual fund advisory committee, he said.