Indian managers reflect on year of positive change by Sebi

Indian mutual fund managers have given securities regulator Sebi and its new chairman, U.K. Sinha, a positive report card as he nears completion of his first year at the helm. Sinha joined the Securities and Exchange Board of India last February, initially for a three-year term, when he took over from C.B. Bhave. In many ways he was entering the eye of a storm. On August 1, 2009, Sebi banned fund houses from charging investors upfront loads in order to lower fund costs and elimi…