Mutual Fund News for April 2026
NSE appoints 20 merchant bankers for IPO plans
India’s National Stock Exchange has moved a step closer to its long-awaited initial public offering (IPO) by appointing 20 merchant bankers to manage the proposed share sale.
This marks the largest-ever syndicate of bankers for any public issue in India. The selected institutions include leading domestic and global players such as Kotak Mahindra Capital, JM Financial, Axis Capital, ICICI Securities, SBI Capital Markets, Morgan Stanley, Citigroup, and JP Morgan.
The move signals renewed momentum in NSE’s IPO plans, which have faced regulatory and structural delays in the past. The broad-based syndicate is expected to support a large and complex offering, reflecting the exchange’s scale and market significance.
PGIM India MF restricts inflows into overseas funds
PGIM India Mutual Fund has temporarily restricted fresh investments in three of its overseas-focused schemes, allowing only existing systematic investment plans (SIPs) to continue.
The affected funds include Global Equity Opportunities Fund of Fund, Emerging Markets Equity Fund of Fund, and Global Select Real Estate Securities Fund of Fund. Lump sum investments and new SIP registrations have been paused.
The decision follows regulatory limits imposed by Securities and Exchange Board of India and the Reserve Bank of India on overseas investments, which cap the mutual fund industry’s total exposure at $7 billion, with an additional $1 billion for ETFs.
SEBI warns against misuse of AI in financial markets
Securities and Exchange Board of India has cautioned market participants against misleading claims about artificial intelligence, highlighting risks of “AI washing” and misinformation.
Whole-time member Amarjeet Singh warned that exaggerated claims about AI-driven returns could mislead investors and erode trust in financial markets. He noted that while AI can enhance research, education and accessibility, it also has the capability to generate convincing misinformation at scale.
The regulator emphasised the need for responsible communication and transparency in the use of AI, especially as adoption increases across financial services and investment platforms.
Stay calm amid global volatility: SEBI chairman
Tuhin Kanta Pandey has advised investors to remain calm despite heightened global volatility triggered by geopolitical tensions in West Asia.
He noted that while global markets are facing disruptions due to supply shocks and rising energy prices, India’s domestic fundamentals remain strong and resilient. Speaking at an event marking 30 years of the Nifty 50, he highlighted that the index has delivered a compounded annual growth rate of around 11 per cent and grown nearly 25 times since inception.
Pandey emphasised that long-term investors should avoid panic, as markets have historically navigated global uncertainties successfully.
