Home » Notes » Greater Mutual Fund Transparency in India: Enhanced Disclosure Protection for India’s Mutual Fund Unitholders in a Time of Market Volatility

Greater Mutual Fund Transparency in India: Enhanced Disclosure Protection for India’s Mutual Fund Unitholders in a Time of Market Volatility

PDF · Stephen P. Smith · Jul-6-2012 · 43 VAND. J. TRANSNAT'L L. 151 (2010)

India has been one of the darlings among emerging market economies over the past decade.  It has experienced dizzying economic growth that has lifted great numbers of Indians out of poverty and changed the economic outlook of much of its populace.  For the first time, many Indians have excess funds to save or invest, and the Indian mutual fund industry has enjoyed an explosion in popularity as a result of this economic boom, particularly among first time mutual fund investors.

One of the most important mechanisms for investor protection in any capital market is the provision of information to investors by market participants.  The Securities and Exchange Board of India (SEBI), India’s mutual fund regulator, has developed an information disclosure regime that, for the most part, has evolved along with the industry’s explosive growth.  However, SEBI’s requirements have failed to keep pace with the industry’s torrid growth in certain key areas.  Changes to this regime are particularly important given the market turmoil that has occurred in India recently, the likes of which many first time Indian mutual fund investors have likely never have experienced before.  To that end, this Note proposes substantial modifications to the Indian mutual fund regulatory regime’s information disclosure requirements in certain key areas in order to maximize protections for Indian mutual fund investors, as well as to assuage their collective concerns.

Leave a Reply

ExpressO Top 10 Law Review


The Vanderbilt Journal of Transnational Law mourns the death of its founder, Professor Harold G. Maier.

We are pleased to announce the 2014-2015 Board of Editors and 2014-2015 Editorial Staff Members.

Please join us in congratulating the Vanderbilt Journal of Transnational Law 2013-2014 Annual Award Winners.

Coming up:

The Vanderbilt Journal of Transnational Law invites you to its 2015 Symposium, This is Not a Drill: Confronting Legal Issues in the Wake of International Disasters.

Recent and dire international disasters, both environmental and humanitarian, have left legacies not only of destruction and destitution, but also of an uncertain legal landscape. The Symposium will address current and pressing international-disaster-response topics. These will include environmental effects, disaster assistance, humanitarian assistance, and criminal processes and sanctions in the wake of various types of international disasters. Symposium participants will include leading scholars from across the country.

The 2015 Symposium will take place on Friday, February 13, 2015 at Vanderbilt Law School, 131 21st Avenue South, Nashville, TN 37203. A detailed schedule will be available soon.

For information on the 2015 Symposium, as well as past symposia hosted by the Journal, please visit the Symposium page.

Explore Other Vanderbilt Law Resources