The Association of Mutual Funds of India (AMFI) in its statement has said that the Hindenburg report is an attempt to create a trust deficit in the market ecosystem. “India has built a regulatory framework that not only aligns with global best practices and standards but also ensures the protection and confidence of the smallest of investors. The success of our markets, coupled with the evolved understanding and participation of our investors, underscores the credibility and effectiveness of this system. Over a period, the regulator has created a well-functioning market trusted by both local and global investors with several measures taken under the current leadership of SEBI Chairperson,” the statement said.
It further added that the recent external comments on the SEBI Chairperson not only attempt to undermine the Chairperson Madhabi Buch’s contribution to the Indian capital market, but it also undermines the country’s economic progress and creating a trust deficit in the market ecosystem must be seen for what they truly are. “Left unchecked, it can create unnecessary hurdles in the path of the world’s fastest-growing economy. These statements, lacking in context and understanding of our regulatory environment, seek to malign the hard-earned achievements of our nation. Such advances must be viewed as creating a hurdle in India’s endeavour to become a developed economy. Investors and partners, both domestic and international, must be rest assured that India’s financial system is secure, transparent and designed to foster growth and innovation with high integrity driven right from the top of the institution,” AMFI said.
AMFI also stated that the future of our country is bright and our market structure is strong.
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AMFI on India being ‘Viksit Bharat’
India’s economy is a monument to tenacity, ingenuity and long-term prosperity as it moves closer to being a developed country, or ‘Viksit Bharat’. AMFI in its statement said that the strength of our financial sector and the solid performance of our markets are indicators of a well-regulated environment that places a high priority on investor protection and adherence to international best practices.
Furthermore, Mutual Funds have witnessed growth in the Indian Financial ecosystem. The regulator took the lead to ensure that the product is in the interest of the investor. The changes have made the product the most transparent and a highly effective product for the customer.
