‘Focus on outcomes, not just rules’: Top quotes from SEBI’s Amarjeet Singh at Mutual Fund Summit 2025

At the Moneycontrol Mutual Fund Summit 2025 held in Mumbai on June 23, Amarjeet Singh, Whole Time Member at SEBI, called for deeper collaboration between the industry and regulators. Stressing the importance of investor-centric regulation, Singh warned against ticking boxes for compliance and urged the mutual fund industry to build long-term value with ethics, transparency, and accountability at its core.

Here are some of his key takeaways from the session:

“We have been working very closely with AMFI and we want to focus on outcomes.”

“We are working on the number of schemes matter.”

“Outcome-based collaborative regulation is important.”

“Rule-based compliance often leads to box-ticking.”

“What truly matters is investor outcomes and market integrity, built on a foundation of mutual trust and respect.”

“We need to avoid short-termism. We need to focus on long-term investor value.”

“Collaboration between industry and regulators facilitates common purposes and outcomes, and fosters a feedback loop. It provides opportunities for simplification and builds ownership of the achievement of outcomes and accountability for observance of the principles and rules.”

“Avoid short-termism, focus on building long-term investor value.”

“Build trust through transparency and simplicity.”

“Beware the slippery slope. Seemingly small compromises can snowball into bigger issues.”

“Apply the Family Test: Ask yourself whether you would be doing and saying exactly the same thing if your family member was the investor.”

“Mere lip service to ethical conduct is not enough. We need effective implementation.”

“Demonstrate evidence of commitment to fair and ethical behavior to inspire trust of regulators and other stakeholders.”