As the Indian mutual fund (MF) industry enters a new era of scale, complexity and technological transformation, Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey on Monday urged mutual fund trustees to reinforce governance standards and exercise independent, proactive oversight. Speaking at the 'Leadership Dialogue for Trustees of Mutual Funds', Mr Pandey says the strength of the country’s capital markets lies not merely in regulation or returns, but in 'the trust that the system will always act in the best interest of investors'. He described MF trustees as the 'guardians of India’s mutual fund ecosystem' and urged them to maintain the highest standards of fiduciary care and ethical conduct. “Your role is not ceremonial—it is fiduciary, moral and insti

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