SEBI to come out with guideline for Mutual Funds

The Securities and Exchange Board of India will soon come out with the final guidelines on real estate mutual funds. In June this year, the market regulator had approved the primary guidelines allowing mutual funds to launch dedicated real estate funds. These funds will be close-ended ones.

While all these funds will have to appoint custodians for the safe keep of property titles, the units of these funds will be listed on stock exchanges and traded on the basis of the net asset value of the scheme. No mutual fund house has, so far, come out with real estate funds as there is ambiguity on the valuation process of underlying properties.

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The downside is SEBI expects ICAI to come up with guidelines for real estate mutual funds. It is a shame that GOI has not come up with Accounting/Auditing Standards Board which is independent of any Accounting body.

Regards,

Santosh Puthran

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Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog.

Poll: Vote here

I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting.

However if you pursue qualification like Company Secretary or CPA or ACCA, your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills.

Which one promotes you as professional better against your name:
AICWA, ACMA
or AICWA, ACS
or AICWA, CPA
or AICWA, ACCA

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Regards,

Santosh Puthran

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