Sebi asks MFs to disclose investor complaints

Following the circular,all Asset Management Companies AMCs will have to

put up the data for the bygone fiscal by June 30,2010,and for each new fiscal within two month of the close of the year.

Sebi expects the disclosure norms would improve transparency in functioning of the AMCs and would enable investors to take informed decisions. In order to increase investor interest in mutual funds,the market regulator had last year abolished entry load and asked fund

houses not to deduct marketing and distribution charges from the investment made by customers.