Trading in MF units will start in 15 days: SEBI


Mumbai: Trading in mutual fund (MF) units is likely to start within 10 to 15 days, according to Securities and Exchange Board of India Chairman CB Bhave. Recently, SEBI permitted brokers to use stock exchange terminals to buy or sell MF products. The move is aimed at increasing the reach of MF products. Bhave also spoke on the efforts the regulator was making to bring further transparency in the mutual fund industry. Bhave also spoke on the issue of initial public offers (IPOs) and said that the regulator was aiming to reduce the time of listing to seven days within a timeline of one year. "We are preparing to create the infrastructure for that and if needed, SEBI can also rethink on grading of IPOs," said Bhave.