The International Financial Services Centres Authority, IFSCA has constituted an expert committee on Investment Funds.
The Committee under the Chairmanship of Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Co. Ltd, will recommend the road map for the funds industry in the International Financial Service Centres,IFSCs.
The Committee comprises leaders from the Fund Management sector.
The Union Finance Ministry has informed that the committee has been constituted to holistically review the global best practices and make recommendations on the roadmap for the industry.
The IFSCA has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the IFSCs in India.
The Fund Industry has been playing a significant role in intermediating between seekers of capital and investors.