At the 16th Asotham Capital Markets Conference on May 22, Tuhin Kanta Pandi, chairman of the Securities and Exchange Commission of India (SEBI), said, “For an economy like India, we cannot rely solely on banks.”
“A large channel has been created in the capital market, which is investing household savings in the economy,” Pandi said.
Kanta has reported that over the past three years, 93 Rs of Rs. 1,000 has been raised from the market by combining fairness and debt.
Pandi further said that India’s Securities and Exchange Commission is working with the National Stock Exchange of India to resolve the outstanding issues for the first public offering.
When asked about the timeline for the NSE IPO, the market regulator chair said it would soon be. “The NSE and SEBI are talking. They’re solving the problem. I’m very hoping it will be done soon and we’re moving forward,” he told reporters outside the Assocham 16th Capital Market Conference.
Speaking at the meeting, Pandi said, “Around a third of Indian Generation Z is participating in the securities market, highlighting signs of encouraging expansion of financial involvement at an early age.”
“This trend not only reflects increased confidence in the formal financial system, but also shows important opportunities for long-term wealth creation and comprehensive participation in the economic progress of the country,” said Sebi.
The SEBI Chairman also reflects that since March 2019, the market ecosystem has almost tripled. He adds that there is still a possibility of “expanding even further.”
Over the past decade, the capital market has accelerated injections into various sectors of around Rs 930,000 through equity and debt issuance, thereby strengthening growth.
Retail participation in the securities market is further strengthened by growth in the mutual fund industry, with managed assets increasing from Rs 240,000 at the end of March 2019 to Rs 70 trillion at the end of April 2025.
The Sebi Chief said, “The flow of MF SIP has grown steadily over the years, increasing from Rs.1 lakh krole in 2019 to Rs.2.9 in 2015 to Rs.2.9 in 2015.” Furthermore, “As a result, SIP AUM has expanded nearly five times from Rs 2.7 in March 2019 to Rs 140,000 at the end of April 2025.”
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