SEBI succeeds in curbing ULIP threat to Mutual Funds

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14 May 2010


  • The recent issue of an ordinance by the Indian government to bring the regulation of the ULIPs into the sole purview of IRDA is a welcome step. But it does not change the ground reality of ULIPs as an investment product. They will now be seen as a long-term investment product instead of a viable alternative to mutual funds. Hence, SEBI has succeeded in reducing the overlap between mutual funds and ULIPs, even if the latter will not be part of its regulatory jurisdiction.