Question : MONITORING MECHANISM FOR MUTUAL FUNDS



(a) the details of the existing monitoring mechanism for mutual funds in the Securities and Exchange Board of India (SEBI);

(b) whether the working of the mechanism is satisfactory;

(c)if so, the details thereof and if not the reasons therefor;and

(d)the steps proposed to be taken to make the mechanism more effective?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI P. CHIDAMPARAM)

(a) to (d): A statement is laid on the table of the House.