A Regulatory Framework for Mutual Funds

Samir K Barua Jayanth R Varma N Venkiteswaran One major change that has taken place in the financial services industry is the establishment of a large number of mutual funds. Though only nationalised banks and financial institutions are permitted to set up these funds there is increasing pressure to allow such funds to be set up in the private sector It is time therefore to introduce appropriate legislation to govern the functioning of mutual funds.