Piyush Goel is willing to change regulations to ensure that Mutual Funds Disclaimers in commercials should be readable

The Commerce and Consumer Affairs Minister Piyush Goel expressed despises the TV Commercials of Mutual Funds that are abstruse, non-readable and non-comprehensive. He added that, "Critical information regarding the financial instruments should be run at the same speed as that of the commercial." Mr. Goyal went on to make statements and reiterated that he'd be willing to change the regulations if needed to ensure that the Mutual Funds Industry, which is valued at a whopping ₹ 37 lakh crore is adhered to the rules.

"The commercials read out the disclaimer very, very fast which you can't even understand. The disclaimer should be prominent and at the same tone or speed as the rest of the advertisement. You can't rush through a disclaimer, it loses the purpose of the disclaimer," Mr Goyal was present at an event at the National Stock exchange where he said regarding the advertisements of Mutual Funds.

Mr Goyal said the ministry itself took inspiration from a system for admissions into American universities which rely on add-on information to be furnished depending upon a particular varsity or course sought by a candidate.

He added that the financial instruments run on the basis of transparency and trust, and rushed advertisements is not a way to promulgate that.