Sebi chief sees acceleration of institutional opportunity

The chairman of India’s securities regulator, UK Sinha, has told fund houses to expect an acceleration in opportunities to manage institutional investor assets both domestically and internationally. Speaking to AsianInvestor on a recent trip to Mumbai, Sinha put low investor penetration rates of mutual funds down to two chief causes. Firstly, an episode of market misconduct in 2001 that caused the Securities and Exchange Board of India (Sebi) to be seen as not safeguarding the i…