The three-month rolling cumulative investment of the domestic mutual funds stood at ₹65,919 crore at the end of October – the highest in 16 months according to data from market regulator Securities and Exchange Board of India (Sebi). FPIs pulled out ₹27,052 crore from Asia’s third-largest economy during the period.
Sebi launches new verification agency to crack down on mis-selling
Sebi has launched the Past Risk and Return Verification Agency (PaRRVA) to combat mis-selling of investment products. This tech-driven system, linking credit rating agencies and