The Mumbai Police may approach India’s Securities and Exchange Board to enquire about the former Forward Markets Commission chairman Ramesh Abhishek’s role in the 10-year-old ₹5600 crore National Spot Exchange payment crisis. The police are seeking to establish if the capital-markets regulator’s investigation revealed any alleged act of deliberate omission, commission, or negligence on Abhishek’s behalf.
75% small cap mutual funds outperform their benchmarks in September
In September, about 75% of small-cap mutual funds outperformed their benchmarks, with SBI Small Cap Fund and Tata Small Cap Fund leading returns, while Nippon