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Sebi undecided on raising mutual fund networth limit

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SummaryMutual fund advisory committee put forward a proposal to raise minimum capital requirement to Rs 25 cr.

he said.

The assets under management of the bottom 10 fund houses stood at a paltry R3,546 crore, just 0.4% of the industryís overall AUM base (excluding domestic fund of funds) for the period ending September 30, 2013. In contrast, the top 10 fund houses contributed 79% to the total industry asset base. However, experts pointed out this was nothing new and that the Indian MF industry has always been Ďtop-heavyí.

Those in favour of maintaining the status quo also argued that size itself did not guarantee the fund house had quality and long-term assets, particularly if the assets were mostly in short duration debt funds.

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