Page 15 - Banking Finance August 2025

MUTUAL FUND

Foreign Investors Infuse

Rs. 14,590 Crore in June
Amid Market Optimism
Foreign portfolio investors (FPIs)
poured Rs. 14,590 crore into Indian
equities in June, marking the third con-
secutive month of positive inflows. The Ò»©­
boost was driven by improved global
liquidity, easing geopolitical tensions,
and expectations of policy rate cuts by
the Reserve Bank of India. However,
the momentum reversed slightly in
July, with FPIs withdrawing Rs. 1,421
crore in the first week.
SEBI Cracks Down on Market Manipulation Amid
Analysts suggest near-term flows may
remain volatile due to tariff deadlines Jane Street Probe
and economic signals from the US. SEBI Chairman Tuhin Kanta Pandey has affirmed the regulator's zero-toler-
Vaqarjaved Khan of Angel One stated ance stance on market manipulation, following its recent action against US-
that uncertainty in global cues could based hedge fund Jane Street. Addressing the Bombay Chartered Accoun-
impact foreign sentiment. Meanwhile, tants Society's foundation day, Pandey said enhanced surveillance mecha-
V K Vijayakumar from Geojit Financial nisms are in place to track suspicious activities. The regulator recently barred
Services noted that the upcoming Q1 Jane Street for allegedly manipulating index levels through trades in the cash
earnings results will be key in deter- and derivatives segments to gain from options market positions, ordering
mining the direction of future flows, as the seizure of Rs. 4,844 crore in unlawful gains.
signs of corporate recovery could reig-
nite investor interest. Jane Street reportedly earned over Rs. 43,000 crore via index and stock op-
tions while recording substantial losses in other segments. SEBI's ongoing
The overall trend continues to reflect
probe now includes broader indices and expiry patterns, with a timeline of
cautious optimism as investors watch for six months to a year.
domestic and international macroeco-
nomic cues before making sustained bets. Pandey emphasized investor protection remains a top priority, with initia-
tives to counter cyber frauds and streamline F&O regulations. SEBI also plans
Madhu Lunawat Becomes to allow e-wallets to function under the UPI framework from October 1 to
prevent fraud.
First Indian Woman to Es-
tablish Mutual Fund Busi-
SEBI-registered mutual fund framework. every woman aspiring to lead in fi-
ness Among nearly 50 AMCs in India, only nance. We're building a long-term plat-
Madhu Lunawat, Co-founder of the Edelweiss Mutual Fund has a woman form aligned with the real needs of
Pantomath Group, has become the first CEO-Radhika Gupta-making Lunawat's Indian investors."
Indian woman to independently estab- leadership a historic first in founding a The Wealth Company is expected to
lish a mutual fund business with SEBI's fund house from the ground up. launch its offerings soon.
approval for The Wealth Company. This Lunawat, a seasoned financial profes-
milestone marks a significant moment sional, has held leadership roles at Aditya Birla Sun Life MF
in India's financial services sector, tra- Infosys, ASREC, and Edelweiss ARC,
ditionally dominated by men. Launches Two New Factor-
where she served as CFO. Speaking to
The Wealth Company will now operate media, she said, "This is not just a per- Based Index Funds
as an asset management firm under the sonal achievement-it's a moment for Aditya Birla Sun Life Mutual Fund has

14 | 2025 | AUGUST | BANKING FINANCE