Plans to make mutual fund rules more investor and industry friendly: SEBI official

A senior official from the Securities and Exchange Board of India (SEBI) has stated that the recent changes to the mutual fund rules are aimed at making the industry more investor-friendly and efficient. The reforms are designed to enhance transparency, simplify the investment process, and protect the interests of retail investors. The official highlighted that the new rules will likely focus on areas such as the rationalization of schemes, clearer disclosure of risks and costs, and the use of technology to improve investor services. SEBI's objective is to create a regulatory framework that fosters trust and encourages more people to invest in mutual funds, which are a crucial vehicle for long-term wealth creation. The guiding principle behind these changes is to balance the growth of the mutual fund industry with robust investor protection measures, ensuring a healthy and sustainable market.