Sebi's 'skin-in-the-game' rule too difficult to implement: Edelweiss AMC April 29, 2021
Edelweiss Asset Management feels the new Sebi 'skin-in-the-game' circular is going to be big challenge to implement. Radhika Gupta, Chief Executive Officer, Edelweiss Asset Management in a tweet said the circular applies to not just senior employees but junior research staff, dealers and support function heads. These people do not even earn the kind of money like the CEOs and CIOs, she said. It is forcing these people to lock 20 per cent of their income for three years and mandates how much one saves. "For a guy earning ₹15-20 lakh (per annum), imagine how difficult it is to put away ₹3-4 lakh. We are constraining employee cash flows," she said.