AMFI should form ethics committee to check individual misconduct: Sebi chief Buch
The mutual fund (MF) industry in India risks disruption by individual misconduct, according to Securities and Exchange Board of India chairperson Madhabi Puri Buch. Speaking at an event, she urged the Association of Mutual Funds in India to create an ethical committee to tackle such problems, ideally on a self-regulatory basis. Buch added that she believed the sector could expand from INR40tn ($535.25bn) to INR100tn, but that the industry also needed to invest in technology and systems.
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