Market watchdog Sebi today said it will avoid turf war with other regulators while finalising norms to allow mutual funds to launch pension products.
"We will avoid all turf war (between regulators). After we get the stakeholder recommendation we will go to the board and then take a final call," Securities and Exchange Board of India (Sebi) Chairman UK Sinha said here.
He was speaking to reporters after meeting Planning Commission Deputy Chairman Montek Singh Ahluwalia.
On the meeting with Sinha, Ahluwalia said, "It was a courtesy call, we did not have a structured discussion". Meanwhile, the Sebi Advisory Committee on Mutual Funds will meet tomorrow to discuss the issue of allowing pension money into MF industry.
"Sebi will take a direction towards reviving the mutual fund interest in the country and some long-term and medium-term measures will be contemplated (in the Advisory Committee meeting)," Sinha added.
While the mutual funds are regulated by Sebi, pension falls