SEBI’s ban resolves the illiquidity issue; nevertheless, it also produces new market deformity which includes regulatory arbitrage towards AIFs, uneven playing field, and scarcity of domestic capital India’s startup ecosystem.

Until refinements are made, mutual funds will remain on the sidelines of the pre-IPO market, limited to anchor allocations and public issues as India’s IPO boom continues unabated—while the question of whether protection has inadvertently become exclusion remains unresolved.

While the Consultation Paper is a progressive step towards enhancing operational flexibility for AMCs, the proposed framework requires stronger safeguards to prevent regulatory arbitrage and protect retail investors.

SIFs may bring advanced investment techniques to India's expanding HNI base and establish a model for emerging markets. However, neglecting world lessons or discounting major threats may repeat the mistakes of the past.

The consultation paper is a step in the right direction as to the establishment of APMI and digital onboarding of clients.

SEBI's initiative to introduce a fourth category of investment funds is commendable.

The author examines the recent regulatory development whereby AIFs have been allowed to participate in credit default swap transactions.

Authors analyze SEBI's proposed regulatory framework for direct mutual fund investments through execution-only platforms.

This post examines the inclusion of units of mutual funds in the PIT Regulations.