The Securities and Exchange Board of India (Sebi) is in active discussion with the mutual fund (MF) industry to do a comprehensive stress test of equity schemes and figure out measures to tackle situations when the test results indicate red flags, chairperson of the markets regulator Madhabi Puri Buch said here on Friday.
The markets regulator reviewed reports of the first round of stress tests by fund houses recently but the data provided was not satisfactory, said Buch at a summit on capital formation by the Association of Investment Bankers of India (AIBI).
