The time taken for processing mutual fund and IPO applications has significantly reduced over the years, according to Sebi Chairperson Madhabi Puri Buch. Speaking at a symposium in Mumbai on January 10, she noted that as of November 2024, only two IPO applications and one mutual fund application older than six months remain pending, compared to eight and 69, respectively, in March 2022.
Madhabi Puri, full-time member, Sebi said streamlining of processes at Sebi has helped cut delays in approvals and this has been a big boon for investors and companies. She also spoke about fast-track rights and preferential issues as part of efforts to enhance equity capital raising in the primary market.
Buchokemonstrated for financial inclusion, besides upwards of capital formation and spoke of the proposed Rs 250 micro-SIP programme. The move aims to bring more citizens into the SIP fold. She asked the Chairperson of SBI, Challa Sreenivasulu to popularize the micro-SIP programme through SBI Mutual Fund. The launch date has not been announced but the scheme is expected to give a fillip to retail participation in the markets.
The chairperson of Sebi underlined the growth potential of REITs, InvITs, and municipal bonds over the next decade. These instruments are expected to play a pivotal role in infrastructure funding and urban development.
Buch further mentioned that the weight of India in the MSCI Index has been increasing, and as such, Indian equities have gained a 20% share in global passive fund inflows from emerging markets. Again, this underlines the growing relevance of India in global capital markets.
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Source: Moneycontrol
News Desk
