MF sector safe, SEBI to step in if self-regulation not firm: Buch

SEBI Chairperson Madhabi Puri Buch considers the mutual funds (MF) sector "safe", however, if Association of Mutual Funds in India fails to adopt robust self-regulation measures, SEBI will step in to ensure investor protection. She lauded AMFI for upholding high safety standards in the MF industry. AMFI should establish an ethics committee to take action against individuals engaging in misconduct.