Sebi to Leverage AI for Speeding Up IPO and Mutual Fund Application Approvals - PRESS AI WORLD
PRESSAI
Economy

Sebi to Leverage AI for Speeding Up IPO and Mutual Fund Application Approvals

share-iconFriday, January 10 comment-icon1 week ago 7 views
News sources:
indiatimesINDIATIMES
Sebi to Leverage AI for Speeding Up IPO and Mutual Fund Application Approvals

Credited from: INDIATIMES

  • Securities and Exchange Board of India (Sebi) is considering AI to expedite the approval process for IPOs and mutual funds.
  • Chairperson Madhabi Puri Buch noted significant reductions in pending applications, with only two IPOs pending over six months as of November 2024.
  • The introduction of AI aims to further decrease approval timelines as the Indian IPO market sees a surge in applications.
  • Buch proposed a ₹250 systematic investment plan (SIP) to enhance financial inclusion in mutual funds.
  • She highlighted India's increasing weight in the MSCI Index, suggesting a rise in global passive fund investments in Indian markets.

For the full article, visit Times of India.

SHARE THIS ARTICLE:

nav-post-picture
nav-post-picture