Mutual Funds Disclaimers In TV Commercials Should Be Readable: Piyush Goyal
NDTV
The minister even said that he is willing to change the regulations if needed to ensure that the over Rs 37 lakh crore MF industry falls in line
Expressing displeasure over disclaimers in mutual funds (MFs) television commercials rushing through even before the viewer can actually read them, Commerce and Consumer Affairs minister Piyush Goyal on Wednesday said that critical information regarding the financial instruments should be run at the same speed as that of the commercial.
Mr Goyal even went on to say that he is willing to change the regulations if needed to ensure that the over Rs 37 lakh crore MF industry falls in line.
"They (the commercials) read out the disclaimer very, very fast which you can't even understand. The disclaimer should be prominent and at the same tone or speed as the rest of the advertisement. You can't rush through a disclaimer, it loses the purpose of the disclaimer," Mr Goyal said while addressing a national stock exchange (NSE) event.
He asked NSE to get in touch with asset management companies on this issue and also offered changes in regulation to enable it.
