Source: Economic Survey 2025-26 tabled in Parliament; PwC India The Economic Survey estimates India’s GDP growth at 7.4% for FY2025-26 and projects 6.8–7.2% for FY2026-27. Growth is driven by strong domestic consumption, improving manufacturing, and a resilient services sector. Global uncertainties, trade disruptions, and commodity price volatility flagged as risks.
SEBI notified the SEBI (Mutual Funds) Regulations, 2026, replacing the framework in place since 1996. Effective 1 April 2026, the new rules introduce a restructured expense framework. The Total Expense Ratio (TER) is now split into a Base Expense Ratio (BER) for pure management fees, with brokerage, statutory levies (GST, STT, stamp duty) shown separately. Brokerage caps reduced from 12 bps to 6 bps in cash market, from 5 bps to 2 bps in derivatives. The additional 5 bps allowance for schemes with exit loads has been removed. AMCs can optionally offer performance-linked fees. Trustees are expected to take a more active governance role.
Source: TradingView; Multiple Financial Media The Nifty 50 index touched a fresh all-time high of 26,373 in early January, buoyed by strong GDP growth, the India-US trade agreement announced in early February, and sustained domestic institutional buying. Market sentiment was firmly bullish, with broad-based participation across large-cap, mid-cap, and small-cap segments. India VIX was subdued around 12–14, indicating low volatility expectations.