Sebi says hike in net worth required for mutual funds spread, no rethink

Mar 07 2014, 01:47 IST
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S Raman said high net worth is essential for better penetration of mutual fund industry. Reuters S Raman said high net worth is essential for better penetration of mutual fund industry. Reuters
SummaryS Raman said high net worth is essential for better penetration of mutual fund industry...

products through mutual fund route and pleading for higher income tax cap with the government to facilitate more savings into MF products.

On the tax treatment given to FMPs, S Raman said the industry should prepare itself for future decisions on tax front.

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