Sebi aims to curb price manipulation in mutual funds

On Tuesday, the Securities and Exchange Board of India (Sebi) tightened regulations for mutual funds to prevent front-running and price manipulation. Sebi will issue general guidelines for this, while the Association of Mutual Funds in India (Amfi), the industry trade body, will develop detailed guidelines, as stated in a release from the regulator. This action was prompted by multiple instances of front-running in fund companies.