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Why Easing the SIF Distributor Exam Is the Wrong Move

SEBI is reportedly in talks to ease the NISM Series XIII certification — the exam every Mutual Fund Distributor must clear before distributing Specialized Investment Funds (SIFs). The reasoning, as with the recent PMS exam relaxation, appears to be a high failure rate and pressure from industry bodies asking for a more accessible bar. I […]

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Managing Surplus Capital for SME Manufacturers in Mumbai

Mumbai has no shortage of profitable small and mid-sized manufacturing businesses. Many of these enterprises are well-run, generate consistent cash flows, and operate in stable niche markets. Yet a common reality remains: not every business can scale endlessly. When expansion is constrained — whether by market size, regulatory complexity, or operational bandwidth — surplus capital

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