IPO processing time should be brought down: Bhave

He said the timely settlement of transactions continue to be a challenge in the system.

Also,there was a need to reduce the cost of mutual funds and the risk of investors.

8220;We need to look at reducing the cost of mutual funds and risk of investors,8221; Bhave said.

Noting that the worst of the global financial crisis is behind us,Bhave said the market should not get carried away with the euphoria.