Securities and Exchange Board of India – SEBI Chairman Ajay Tyagi has asked mutual fund companies to play as per rules and stop compromising on safety of investor’s money. Addressing an event in Mumbai, Mr. Tyagi said the mutual fund industry has exposed its fault lines with several risky investments made for want of higher yields. Referring to the industry’s tagline of ‘Mutual Funds Sahi Hai’, Mr. Tyagi said the investors repose a lot of faith and trust in these funds and the industry must be careful not to erode this trust.
SEBI says fault lines exposed in MF industry with slew of risky investments
