Bhubaneswar : Security & Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said that despite the West Asia conflic, oil supply shock and inflation risk, Indian market remained quite resilient.

“Although volatility is there, the market is able to observe the shock”, Pandey said while talking to media persons after attending a Investor Awareness Programme, organised by the Association of Mutual Funds in India (AMFI), here on Monday.

The SEBI chief said India’s Mutual Fund market has grown to a staggering Rs 82 lakh crore from Rs 12 lakh crore a decade ago. India witnessed 366 IPOs last year while many an advanced country did not saw a single IPOs, he added.

The SEBI Chairman said the market’s resilient power has increased due certain regulatory reform initiatives undertaken to boost the confidence of the investors, particularly the small investors.

He said the initiatives taken to protect the investors interest has played a major role in engancing the trust on the market. India is the only country in the world where “Verified App” is available in the Google Playstore which could be downloaded in 30 seconds. SEBI Check and SEBI Sarathi Apps are protecting investors. According to him, SEBI has taken steps to remove as many a 1.4 lakh misleading contents relating to market information from social media platforms like X, Telegram, YouTube, Instagram. SEBI has asked the Financial Advisors, Influencers to get registered with it, he added.

Pandey said the Municipal Bond is going to be one of the biggest market in next 15 to 20 years. He said presently about 30 cities have raised Rs 4500 crore from the market through bonds. He said incentives under Amruta and other schemes would encourage theUrban Local Bodies to enter the market with bonds to raise money for their requirements. SEBI has come out with a consultation paper advising municipals to come togather to float a pooled vehicle to issue bonds.

The Chairman said that a regional office of SEBI is going to be opened in Odisha’s capital city Bhubaneswar which has lot of potential for market growth.