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20.''The market regulators SEBI, and the AMFI have been working on nearly all regulatory aspects to make the Mutual Fund Industry among the best regulated and most transparent Industry in the financial sector.'' Explain the performance of the Indian Mutual Fund Industry against this background.
Ans:The regulatory environment for the Indian Mutual Fund Industry compares favorably with regulatory environment prevalent in most of the mature and developed financial markets in the world. Considering that the Indian Mutual Fund Industry is rather young and in growth phase, the evolution of the regulatory framework is commendable. Be it the disclosure norms for the scheme's portfolio, daily Net Asset Value (NAV),investors protection or the accounting norms, the Indian Mutual Fund Industry regulation match with the best regulated market in the world .The domestic Fund Industry has covered a lot of ground in its short history to merit comparisions with the most evolved and developed economies in the world.