SEBI holds meeting with Independent Trustees of Mutual Funds
SEBI held a meeting with independent trustees of Mutual Funds at Mumbai today. Shri Ajay Tyagi, Chairman, Ms Madhabi Puri Buch, Whole Time Member and other senior SEBI officials attended the meeting. More than 80 independent trustees participated in the meeting.
Mutual Fund is a significant industry with the recent times witnessing record growth. Therefore, there is a need to have a good governance system in place. The role of Trustees being critical, it was considered important to reach out to the Independent Trustees of Mutual Funds, to interact with them, sensitize them on the significant role played by them and seek their feedback.
Apart from the interactive session, discussions were held on issues like role of trustees, investor relations, technological advancements, etc.