Mutual fund reforms to begin

  • PTI, New Delhi
  • |
  • Updated: Sep 30, 2012 21:28 IST

Investments in mutual funds will get simpler and safer from Monday.

Among various reform measures, the fund houses will have to make more disclosures in the interest of investors. They also have to shift to the one plan per scheme model, moving away from the present practice of cluttering one scheme with numerous plans.

At the same time, fund houses will be able to charge a little bit more as incentive for expanding to small cities, but would also have to set aside a small portion of their assets for investor education and awareness. 

 

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