The mutual fund industry labours to survive under SEBI’s diktat

We think we should leave it to market forces to drive the fees/charges that intermediaries levy on investors… We will continue to monitor the progress.” This was the reaction of the Securities and Exchange Board of India (SEBI) to a Moneylife query about the impact on retail investors of its decision to scrap entry load on mutual...

An advertising campaign by the National Securities Depository Limited (NSDL) in August proclaimed that it has one crore demat accounts. NSDL accounts for 80% market share. India officially claims an investor population of two crore. This number, which includes a big chunk of multiple account-holders, reflects the sad state of retail investor participation in the market. But media reports,...