MFs favour Sebi ruling on Ulips

The battle over the regulation of unit-linked insurance products, or Ulips, may be heading to the courts. But mutual funds have already pronounced their verdict. The mutual fund brass, asked to give their views on the ongoing tussle over Ulips between capital market regulator Sebi and insurance regulator Irda, agreed that the investment component of Ulips needs to be registered and regulated by Sebi as it forms a substantial chunk of the insurance product. Most MF officials, though speaking on the condition of anonymity, also said the regulators should sit together and thrash out the issues without resorting to a ...

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