Looking at ways to incentivise MF distributors: SEBI

UK Sinha, Chairman of the Securities and Exchange Board of India (SEBI) said the mutual fund distribution landscape has undergone a dramatic change in recent times. Speaking at a CII conference, Sinha said, the SEBI Act mandates to protect investors and develop markets. "There is no conflict as far as the SEBI mandate is concerned," he said.

Sinha informed that the direct sale of MF schemes was up 2% in the last two years, while the independent finance advisors were down 7% in the same period. "We are working on increasing disclosures in the primary market," he divulged.
Sinha felt a need for smoother IPOs, KYC norms and secondary market systems. "SEBI is looking at some way to incentivize distributors," he said adding, "