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Sebi chief warns mutual funds against investing in micro-caps
The New Indian Express Jeypore
|August 23, 2025
SEBI chairman Tuhin Kanta Pandey, while appreciating the efforts of the mutual fund industry in channeling savings into the market, has cautioned the industry about investing in micro-caps and certain debt instruments, highlighting that beyond investment risks, fund houses must also be mindful of operational risks that can undermine investor confidence.
He said the true benchmark for funds is not assets under management alone, but the trust and management of the public money.
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