The Securities and Exchange Board of India (Sebi) is investigating the surge in thematic mutual fund launches, which raised about ₹80,000 crore in 2024. Sebi chairperson Madhabi Puri Buch mentioned an incentive-driven arbitrage in the proliferation, with thematic funds now managing assets worth ₹4.63 lakh crore.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader