SEBI Chairperson, Madhabi Puri Buch, unveiled a detailed report on Indian Capital Markets and introduced India’s first website dedicated to Passive Funds at the National Stock Exchange (NSE) today.

Report Highlights Technological Innovations and Reforms

The newly released report covers major technological advancements and regulatory changes that have impacted the Indian capital markets. It details five pioneering reforms: the T+1 settlement cycle, Application Supported by Blocked Amount (ASBA) for secondary trading, collateral segregation, two-way portability among Clearing Corporations via a SaaS module, and the establishment of the Investor Risk Reduction Access (IRRA) platform. These reforms aim to enhance market efficiency, investor protection, and overall system resilience.

Insights from Retail Investor Survey

The report includes findings from a survey of retail investors conducted across 12 Indian cities. This survey highlights the benefits of recent reforms and suggests potential annual investor benefits of approximately INR 3900 crores with full adoption of key measures such as faster IPO listings and the ASBA system.

New Website Enhances Investor Access

Alongside the report, the launch of India’s first dedicated website for Passive Funds was announced. This new platform offers detailed industry data, fund-specific information, and tools for comparing funds based on various parameters, including underlying index, AUM, tracking error, and trading volume. The website aims to improve transparency and accessibility in the passive funds sector. This website can be accessed at (www.indiapassivefunds.com).

Statements 

Madhabi Puri Buch emphasized the importance of collaboration and innovation in building a robust market ecosystem. She stated, “Our capital markets have evolved through a shared vision and innovation, aiming to provide better access and protection for investors. This report reflects our efforts to foster a culture of continuous improvement.”

Ashishkumar Chauhan, MD & CEO of NSE, praised the report for its thorough analysis of India’s capital markets, acknowledging the active participation of retail and institutional investors, and the quick implementation of SEBI’s initiatives.