Sebi Board Meet Keeps Bourses On Tenterhooks

Mumbai: F&O trades and mutual funds (MFs) are reportedly the focal point of the Securities and Exchange Board of India (Sebi) board meeting being held on Monday. According to reports, the markets regulator may approve tighter curbs on F&O trading due to the immense losses faced by individual traders.

Additionally, the board may discuss the introduction of a new asset class between mutual funds and portfolio management services (PMS) to offer investors more diversity in investment management.

Sebi Chairperson Madhabi Puri Buch had mentioned at the Association of Mutual Funds in India (AMFI) event recently that the Sebi is on the verge of bringing MF lite regulations and has had detailed consultations on the subject. She mentioned that there needs to be some relaxation in terms of the distribution of these kinds of funds.