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SEBI asks MFs to explain promoter group exposure to AUMs

SEBI asks MFs to explain promoter group exposure to AUMs

Monday, April 17, 2017, 8:12 AM

SEBI has asked several mutual fund houses to explain the rise in fund inflow from promoter group entities and associates to their overall assets under management. While regulator has been asking the fund houses to take steps to expand their asset base to smaller cities and retail investors, there has been a surge in the percentage of contribution from promoter and sponsor group entities.
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