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Mutual fund sector News

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Mutual fund houses on Thursday said markets regulator Sebi's directive of taking the service of 'scrutinisers', to review the rationale behind the voting decisions made by them, will bring in greater transparency in the sector.
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Investors remained bearish on gold exchange-traded funds (ETFs) in June and pulled out Rs 80 crore from this instrument, taking the total to Rs 228 crore in the first quarter of the current financial year, mainly on account of profit booking.  
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The industry body has sought more tax incentives on ELSS, pension products and infrastructure debt mutual funds.






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