Real estate MF guidelines in 15 days: Sebi

Market regulator Securities and Exchange Board of India (Sebi) said it would issue guidelines on real estate mutual funds in the next 15 days.

"SEBI is ready with guidelines on real estate mutual funds that could be issued any day. The outer time limit to issue guidelines is 15 days. This would enable retail investors to access the realty market which has witnessed a boom in the last few years," T C Nair, wholetime member, Sebi said at a conference on real estate mututal funds, organised by industry body Assocham.

Nair added that legal issues including accounting and valuation have been resolved and norms could be issued anytime.