"As the MF industry grows, we need greater governance norms to keep the faith and trust of investors," said Ajay Tyagi, Chairman, Securities and Exchange Board of India (SEBI).
Tyagi spoke at the inaugural session of 14th CAPAM -- the Annual Capital Market Conference -- organised here by Ficci.
According to Tyagi, a committee has been set up to look at the "corporate governance" aspect and its report is expected shortly.
Another important issue raised by Tyagi was the need for institutional investors to play a role in the governance of their investing companies.
"SEBI would like uniform norms for all institutional investors," Tyagi said.
On Fintech, the SEBI Chairman said that it is changing the way financial markets function and that a committee is advising SEBI on an ongoing basis in this regards.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.