Regulation is another key area of concern in the industry. SEBI, which also extends its supervision over capital markets, somehow finds time to regulate the operation and management of mutual funds as well. The series of controversies that took place involving Alliance Capital Mutual Fund (ACMF) and Samir Arora, its erstwhile star fund manager regarding internal control practices clearly sends signals for the requirement of careful watchdogs for the industry….
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Source :- IIPM Editorial, 2006
Read More IIPM Articles, Click here
Source :- IIPM Editorial, 2006
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