Mutual Fund News

Sebi Demands Rs 5.35 Cr from OPG Securities in NSE Colo Case

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The Securities and Exchange Board of India (Sebi) has issued recovery notices to OPG Securities and its directorsSanjay Gupta, Sangeeta Gupta, and Om Prakash Gupta-demanding payment of Rs 5.35 crore within 15 days in connection with the NSE co-location scam.

The demand includes penalties and interest, following Sebi's April 2025 order which found them guilty of unfair access to NSE's secondary market servers. Sebi warned of stringent recovery actions, including attachment of properties, bank accounts, and even arrest in case of non-payment.

The case is part of a long-running regulatory probe into the abuse of NSE's colocation facility by select brokers to gain early access to trade data and execute faster trades, giving them an unfair advantage. Sebi has maintained a strict stance on the misuse of market infrastructure to preserve transparency and investor trust in the system.

MF AUM Surge Signals Major Shift in Investor Behaviour: Uday Kotak

The share of mutual fund assets under management (AUM)-primarily equity funds-has doubled to 31% of bank deposits post-Covid, highlighting a fundamental change in India's financial intermediation, noted Uday Kotak, Founder and Director of Kotak Mahindra Bank.

Posting on platform X, Kotak stated, "India's saver turns investor... Reflects structural change in financial intermediation. It grows domestic risk capital and creates an equity culture. But let's be alert about excessive exuberance."

He shared data showing mutual fund AUM as a percentage of bank deposits rose from 13% in FY15 to 29% in FY25. The shift signals rising investor preference for market-linked instruments over traditional fixed deposits, suggesting a maturing financial ecosystem in India.

Falling Bank Deposit Rates Drive Surge in Mutual Fund Inflows