Trading in mutual fund units is expected to start within 10 to 15 days, Securities and Exchange Board of India Chairman CB Bhave has said. The regulator chief was speaking in an exclusive interview with CNBC Awaaz.
Recently, SEBI permitted brokers to use stock exchange terminals to buy or sell MF products. The move is aimed at increase the reach of MF products. He also spoke on the efforts the regulator was making to bring further transparency in the mutual fund industry.
Bhave also spoke on the issue of initial public offers (IPOs) and said the regulator was aiming to reduce the time of listing to seven days within a timeline of one year. "We are preparing to create the infrastructure for that."
SEBI can also rethink on grading of IPOs, if required, Bhave said.
To view CB Bhave's exclusive interview, please watch the attached video
