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Friday, January 13, 2012

SEBI calls for attracting retirement money into market


Market regulator Securities and Exchange Board of India (Sebi) today said asset management companies (AMCs) (mutual fund houses) should launch pension products, so that retirement money can be brought into the capital market.

"Retirement and pension money is not coming into the market. It is legally possible that retirement money can be invested in the markets ... why are AMCs not able to launch pension funds?" Sinha said at India Investment Conference
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