“We had a very detailed consultation on that and if part of that you feel there is a need for relaxation in terms of how to distribute those kinds of passive funds. We are open to any suggestions so that we can facilitate the development of this fund across the country,” Buch said at an industry event.
The Sebi chairman said that technological advancements could help the corporate bond market grow as fast as the equity market.
“…I think with the transparency that has come and the way that technology is now enabled, we certainly hope that the bond market will quickly see the kind of growth that we’ve seen in the equity markets,” Buch said.
Primary market activity on corporate bonds in FY24 was Rs. 8.50 lakh crore is healthy with issuance, but it is the secondary market where activity is lacking, she said.
The Sebi chief, who is facing allegations of impropriety by the Congress party, also said that it could be considered a potential conflict of interest if she spoke about Real Estate Investment Trust and ICICI Bank.
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