Osaka, Jan. 22 -- Chairman of the Securities and Exchange Board of India (SEBI), Tuhin Kanta Pandey, on Thursday said India's mutual funds have deep penetration with strong monthly equity inflows, while the Alternative Investment Fund (AIF) industry has emerged as a key driver of private capital formation.

Talking about India's capital market during his address to an investors meeting curated by Confederation of Indian Industry (CII) in Osaka, Japan, Pandey described the rise of domestic investors as one of India's most significant developments. "India today ranks as the world's fifth-largest equity market by market capitalisation share, with the United States leading globally at 48.2%, followed by China, Japan, and Hong Kong," he said....