Subject: File No. S7-24-15
From: MAHENDRABABU GOVERDHANAN

February 27, 2020

LI funds are very effective tool for retail investors. Th decision of leveraging these needs to be left to the investors with simplifying the prospectus that highlight risks and methodology. Disclosure and consent based requirements should be sufficient. Absence of such tools really makes retail investors at the mercy of intermediaries. Capital markets thrive due to retail investors, with the latest technology and tools this process is really simplified and no need to revert back to arcane principles.