Simplicity: India’s Key to Unlocking Securitisation Market Growth

SEBI's Executive Director Maninder Cheema emphasizes simplicity for India's securitisation market. At the Securitisation Summit 2026, she advocated for transparent asset-revenue structures to drive sustainable growth. SEBI plans regulatory frameworks to boost bond market participation, aiming for increased retail involvement and broader access to fixed-income securities.

In a defining statement on the Indian securitisation market, SEBI's Executive Director of Debt and Hybrid Securities, Maninder Cheema, announced that simplicity forms the bedrock for growth. Speaking at the 14th Securitisation Summit 2026, Cheema emphasized the need for clear, straightforward product offerings to pave the way for sustainable market expansion.

Cheema pointed to the positive outcomes seen with municipal bonds, REITs, and InvITs as examples where transparent structures naturally facilitate monetization. She argued that these simpler products outperform complex securities in attracting investors due to their direct revenue-to-return pathways.

Tackling future regulatory steps, Cheema outlined SEBI's strategic plan to enhance participation in the bond market. A pilot project is set to unfold, aimed at scaling up retail involvement within six to nine months. SEBI’s initiative will follow precedents set by the RBI, while market awareness campaigns aim to bridge the literacy gap among potential investors.