India, Dec. 19 -- The asset managers' industry lobby, Amfi, on Thursday termed Sebi's revised rules for mutual funds as a balanced set that takes care of everybody's interests.
Sundeep Sikka, the executive director and chief executive of Nippon India Mutual Fund, who also chairs the Association of Mutual Funds of India (Amfi), said the declaration of the final rules also gives certainty to the industry.
"Sebi has come out with a very balanced set of regulations after a wide-ranging consultation process which is positive for the MF investors and also fund houses," Sikka told reporters here.
The Sebi board on Wednesday evening declared a new framework for the MF industry, which includes tweaks on the fees paid by the investors on their MF ...