
New Sebi norms make it easier to find risk-adjusted return of schemes: Swarup Mohanty of Mirae Asset
Securities and Exchange Board of India or Sebi has come out with two more changes in the mutual fund space. The market watchdog has asked mutual funds to rename their dividend plans. The second measure, a comprehensive one, deals with product labelling and indication of risks associated with various categories. Shivani Bazaz of ETMutualFunds.com reached out to Swarup Mohanty, CEO, Mirae Asset India, to decode the measures.Edited interview. What is your first reaction to new risk norms and dividend plans? I believe that the new circular on product labelling and the subsequent changes to the Risk-O-Meter is a huge step forward in the communication process of funds with their investors. We all think it is a business of returns, while it is actually a business of managing risks. The new norms...