SEBI Sets up two separate panels to review ownership norms of Sponsor and Trustees

The Securities and Exchange Board of India (Sebi) has set up two separate expert groups to examine the roles, eligibility criteria and functions of sponsors and trustees at asset management companies (AMCs)

A sponsor is like a promoter who brings in the capital for setting up an AMC, while a trustee plays a supervisory role and is tasked with protecting investors interest. The working group on Sponsors will be chaired by Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC. The working group on MF trustees will be chaired by Manoj Vaish, Independent Trustee, Mirae MF.