$('#fade').cycle();
The Securities and Exchange Board of India has said that it will question top officials of fund houses about non-performance of mutual fund schemes and probe their non-compliance with the stated investment objectives.
Concerned over non-performance of some schemes over a long period of time, Sebi Chairman, U K Sinha, said that fund houses need to look into the matter and consider the merger of some schemes.
Click Here to read more
Source: Business Standard