Sebi weighs allowing mutual fund distributors to become investment advisers

The Securities and Exchange Board of India is considering whether individual mutual fund distributors should be permitted to hold a registered investment advisor licence. This review is part of a broader examination of the rules that govern how distribution and investment advice are regulated. The decision will affect how these distributors can offer investment guidance to clients.

Mumbai: The Securities and Exchange Board of India (Sebi) is weighing whether individual mutual fund distributors (MFDs) should also be allowed to hold a registered investment advisor (RIA) licence, as it reviews the regulatory framework governing distribution and investment advice, according to two people familiar with the matter.

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