SEBI’s Ruchi Chojer additionally reiterates that AIFs should play a key function in driving ESG adoption amongst unlisted investee firms, particularly as 40% of AIF capital comes from overseas buyers who anticipate alignment with world disclosure requirements.
Different Funding Funds (AIFs) should push ESG compliance amongst their investee firms, says Ruchi Chojer, Govt Director, SEBI. She additionally says India’s clear power transition can’t be pushed by listed firms alone, and AIFs should play a key function in driving ESG adoption amongst unlisted investee firms—particularly as 40 per cent of AIF capital comes from overseas buyers who anticipate alignment with world disclosure requirements.
Talking on the IVCA Vitality Summit 2025, Ruchi Chojer mentioned, “As India undertakes its inexperienced transition, the function of capital markets, and significantly Different Funding Funds (AIFs), can be essential. Financing long-gestation sectors like grid modernisation, storage, and transmission requires affected person and risk-tolerant capital. SEBI has already enabled blended finance buildings, permitting philanthropic and multilateral capital to speculate by junior items in AIFs. This can be a very important step in unlocking capital for the power transition.”
She additionally mentioned that over the previous three many years, India’s capital markets have developed considerably, changing into one of many world’s high ten fairness markets with a market capitalization exceeding $4 trillion. A complete of roughly Rs 93 lakh crore has been raised by each fairness and debt devices, highlighting the essential function of capital markets in funding India’s financial growth. On common, Indian firms have mobilized Rs 2.2 lakh crore yearly by fairness issuances. Notably, within the monetary yr 2024–25, the market noticed a record-breaking fairness issuance of Rs 4.3 lakh crore, of which Rs 1.7 lakh crore got here by Preliminary Public Choices (IPOs). This underscores the sturdy urge for food for fairness financing and rising investor participation in main markets. The expansion of merchandise like Different Funding Funds (AIFs), which have surpassed $100 billion, additionally displays this maturity.
The variety of distinctive buyers within the securities market ecosystem has practically tripled from round 4.3 crore in March 2019 to over 13 crore by April 2025. This unprecedented progress displays rising monetary consciousness, growing belief within the capital markets, and higher digital entry for buyers throughout the nation.
Additional, the official talked about how regulatory management has additionally strengthened, with India now setting world benchmarks somewhat than following others. “Coverage stability has enhanced investor confidence, particularly amongst overseas portfolio buyers, who’ve benefited from current reforms corresponding to simpler entry to authorities securities and inexperienced bonds,” she added.
