Association of Mutual Funds in India (AMFI) has condemned the latest Hindenburg report against SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch. In a statement, AMFI said, the US short-seller is trying to create a trust deficit in market ecosystem and create unnecessary hurdles in the path of the world’s fastest-growing economy. The industry body said that external comments on SEBI Chairperson are not only attempt to undermine Madhabi Buch’s contribution to the Indian capital market, but it also undermines our country’s economic progress. 

The AMFI said, Hindenburg’s claims lack context and understanding of the Indian regulatory environment, said seek to malign the hard-earned achievements of our nation. The industry body said, over a period, the regulator has created a well-functioning market trusted by both local and global investors with several measures taken under the current leadership of SEBI Chairperson. According to the IMFI, several important measures have been taken under the leadership of the current SEBI Chairperson, and SEBI regulations have made mutual funds the most transparent and effective product.