Investors and partners, both domestic and international, must be rest assured that India's financial system is secure and transparent, says AMFI in a statement.
The new rule, effective from April 1, restricts intermediate pooling of funds and units by mutual fund distributors, investment advisers, channel partners, platforms and other entities.
The capital markets’ regulator frames risk management norms for debt mutual funds, which would control debt funds' portfolio and duration risks, and protect gullible investors.
Though equity MFs witnessed the seventh consecutive month of net outflows in January, AMFI's chief executive says investors will continue to tap MFs as a handy route for wealth creation.
Absence of new taxes, no tweaking of older ones, infrastructure capex focus, and stronger disinvestment intent boosts equity indices, with the Sensex recording its best Budget-day gains since 1997.