SEBI

“So the day I got into a formal fund structure, I made a conscious call that I would never personally invest in any firm. I would never invest money from my fund into a company which I'm already invested in, because that's just wrong.”

“If you raise primary in the IPO, then you have to use it in the next one to two years, and that is basically monitored also. So, you know, you have to give the use of proceeds initially, you have to use it for those, and you cannot, unlike financing the privat…”

“However, the bankers told us, if you put these reasons, you will never get your SEBI permission. You gotta put five standard reasons.”

“We will need to raise some money soon because we are applying to be a mutual fund. And the requirements have just gone up from 50 crores to one 50. So we would have met the 50 crore limit, but we won't meet the one 50. So we'll have to raise external capital”

“Indian regulators like SEBI and RBI, they protect the retail investors. So they make sure that, you know, and they're able to avoid at least 90% of the fraudulent companies to go IPO, whereas in US it's not possible.”

“And the fact that stock market is popped up is because lots of new money is coming in. And because that system provides clarity and good regulation of the mutual fund ecosystem in a way, very few countries do it today.”

“And that's the reason I think somewhere last time, last year, Sevi also shared data that In derivatives, about 90% of Indians are losing money. Institutions are making, making profits at their expense.”

“And they believe they are the only ones who are advising and they are just about less than 500 odd which are active.”