‘Safety of investments can’t be compromised for the sake of returns’
The mutual fund industry rolled out risky investment products in its race to gain higher yields, raising questions on the distinction between lending and investing.
Ajay Tyagi, Chairman, SEBI, said recent events in the debt segment have put the spotlight on several risky investments made by the industry in its quest for higher yields.
The safety of investments cannot be compromised for higher yields, he said at the Association of mutual funds in India (AMFI) summit here on Tuesday.
“There is a clear distinction between lending and investing. Mutual funds do not have risk capital and are essentially pass-through vehicles, wherein the NAV ought to reflect the correct value of assets held at any time,” he said.
Denne historien er fra August 28, 2019-utgaven av The Hindu Business Line.
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Denne historien er fra August 28, 2019-utgaven av The Hindu Business Line.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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