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.
