Sebi has called a meeting with the bank-sponsored mutual funds and banks distributors on Monday. It is believed that the regulator wants to plan initiatives to increase trading volumes at the mutual fund platform of the stocks exchanges. Since it started a few months ago, volumes have seen consistent drop on the BSE as well as the NSE. While the daily average turnover was Rs 60 lakh in May on the BSE, it was Rs 8.36 lakh for the NSE. According to one of the senior officials of the bank-sponsored MF, ?Discussion will be regrading to boost the volumes at the NSE and the BSE.
Regulator keen to improve exchange-traded volumes
Sebi has called a meeting with the bank-sponsored mutual funds and banks distributors on Monday. It is believed that the regulator wants to plan initiatives to increase trading volumes at the mutual fund platform of the stocks exchanges.
Written by FE News DeskFE Bureau
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This article was first uploaded on June four, twenty ten, at twenty-seven minutes past eleven in the night.