SEBI Working Group

Current Context: SEBI has set up working groups to review the Role and Eligibility of a Sponsor of a Mutual Fund and a working group to streamline the role and obligations of trustees of the mutual fund.

• Chairman for a working group to review the Role and Eligibility of a Sponsor of a Mutual Fund – A Balasubramaniam (MD & CEO of Aditya Birla Sun Life and chairman of AMFI).
• This working group has been formed to enable new players, who are otherwise not eligible to act as sponsors. This will foster competition in the mutual fund industry and also facilitate consolidation in the industry through mergers and acquisitions so as to reap the benefit of economies of scale.
• Chairman for a working group to streamline the role and obligations of trustees of mutual fund – Manoj Vaish, Independent Trustee of Mirae Mutual Fund.

Question:

Q.1 Who will chair the working group to review the role and eligibility of a sponsor of a mutual fund?
a. Manoj Vaish
b. A Balasubramaniam
c. Alok Mundra
d. J. Ranganayakulu