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SEBI chairman says mutual funds key to deepening India’s capital markets

SEBI chair underscores mutual funds’ role in India’s market deepening and highlights crackdown on misleading financial influencers.
Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey said that mutual funds will play a vital role in deepening India’s capital markets, citing their growth potential and ability to drive longer-term participation. He also flagged the regulator’s efforts to crack down on misleading financial influencers, with over 100,000 accounts already removed and 5,000 more under process. The remarks come as domestic mutual-fund AUM expands and retail participation broadens amid a buoyant listing and equity scene.