Concerned over the high pay packets of top executives at mutual fund houses, capital markets regulator Sebi wants them to lower their salaries and adopt a more cost-effective structure.
One particular CEO of a fund house drew a salary of as high as Rs 5 crore last year, while the mutual fund CEOs on an average get a package of Rs 1-1.5 crore.
The issue is likely to be discussed by the fund houses during the next board meeting of the industry body AMFI, which also acts as the front-end regulator for mutual funds.
Read more at http://www.business-standard.com/article/pti-stories/sebi-wants-mfs-to-lower-salary-of-senior-executives-115111500117_1.html?curator=alphaideas&utm_source=alphaideas
One particular CEO of a fund house drew a salary of as high as Rs 5 crore last year, while the mutual fund CEOs on an average get a package of Rs 1-1.5 crore.
Read more at http://www.business-standard.com/article/pti-stories/sebi-wants-mfs-to-lower-salary-of-senior-executives-115111500117_1.html?curator=alphaideas&utm_source=alphaideas
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