Sebi probes MFs owned by banks amid allegations of mis-selling | Economic Times

Sebi probes MFs owned by banks amid allegations of mis-selling https://ift.tt/mQoXIYb domestic banks such as SBI, ICICI, HDFC, Axis, Kotak, Bank of Baroda and Union among others own mutual funds or have majority stakes in these asset managers. The extent to which these banks sell products of their subsidiary mutual funds vary from 25% to over 95%, according to industry estimates.