• International Advisory Board (IAB) constituted by market regulator - Security and Exchange Board of India (SEBI) has suggested widening the reach of the mutual fund industry in the country.
  • It has also emphasised that in order to enhance the participation of households, the mutual fund industry has to educate investors about the attractiveness of products.
  • The IAB constituted in September last year at its first meeting in New Delhi took note of the initiatives taken by SEBI for enhancing the retail participation.
  • The meeting also discussed the situation prevailing in the Indian primary market and emphasised the need to have a listing and trading platform for smaller companies.