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Mutual Fund Scam:SEBI OR Mutual Fund Trustee NOT Certify Scheme-RTI

दोनों जनता को धोख़ा दे रहे है 

 As per section 28(1) of SEBI(Securities And Exchange board of India) Mutual fund regulation act trustee approve mutual fund scheme and AMC has to file the scheme at SEBI. SEBI in an RTI reply said it does not approve any mutual fund schemes. So applicant filed RTI application to get the copy of trustee approval of few top mutual fund schemes . SEBI said that it does not understand question and the information can not be constructed as per section 2f of RTI act 2005.

(Section 2(f) in The Right To Information Act, 2005
(f) “information” means any material in any form, including records, documents, memos, e‑mails, opinions, advices, press releases, circulars, orders, logbooks, contracts, reports, papers, samples, models, data material held in any electronic form and information relating to any private body which can be accessed by a public authority under any other law for the time being in force;).

It means SEBI do not have approval copy of trustees & also don't want to understand the topic because he does not have trustee approval copy. Now applicant is filing appeal to reconfirm their reply.
The educational qualification details of trustees are also not available with SEBI. It means unqualified trustees are approving financial plans and customers are buying it blindly.

READ ALSO:
Mutual Fund Schemes Not Approved By SEBI-RTI

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