Phiroze Jeejeebhoy Towers (BSE), Mumbai. Photo: Aakash Goel / Unsplash
Insurance, Mutual Funds & Others

Other Capital Market Intermediaries

Brokers, depositories, registrars, advisers and fintech platforms.

What we see

The issues clients bring us.

  • Market manipulation and mule accounts
  • KYC and onboarding fraud
  • Unregistered advisory and finfluencers
  • Client fund misuse
  • Cyber incidents
How BDI helps

What we do about them.

  • Investigations and digital forensics
  • KYC and onboarding reviews
  • Impersonation takedowns
  • Compliance programme reviews
  • Background checks on key persons
Platforms for Other Capital Market Intermediaries

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Insurance, Mutual Funds & Others: market context

The numbers behind the risk.

India

Record savings flows into mutual funds and insurance, matched by a tougher fraud and conduct regime.

₹82.6 lakh cr
mutual fund industry AUM, September 2026
Source: Kotak Neo, citing AMFI data
₹32,490 cr
record monthly SIP inflow, September 2026
Source: Kotak Neo, citing AMFI data
₹3.36 lakh cr
non-life gross direct premiums in FY26, up 9.2%
Source: IBEF
3.7%
insurance penetration in FY25
Source: IBEF

Regulatory and market updates

  • IRDAI fraud framework

    The Insurance Fraud Monitoring Framework Guidelines, 2025 took effect on 1 April 2026, requiring an independent fraud monitoring committee and unit and extending duties to brokers, banks, hospitals and agents.Source: IndiaLaw

  • 100% FDI in insurance

    The FDI limit in insurance has been raised from 74% to 100% under the Sabka Bima Sabki Suraksha Act, 2025.Source: IBEF

  • SEBI market-abuse enforcement

    SEBI's July 2025 interim order against the Jane Street group impounded about ₹4,843 crore of alleged unlawful gains.Source: Business Today

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