Market correction isn't due to Sebi's new rules: CEO, Edelweiss AMC

The regulatory changes are not as disruptive as how people are making them to be, Gupta said

The share markets, particularly mid-cap and small-cap stocks, have seen a big price fall. Some are blaming the Securities and Exchange Board of India's new categorisation norms for the sell-off. In an interview with Jash Kriplani, RADHIKA GUPTA, chief executive officer, Edelweiss Asset Management, talks about the issue and her company's growth plans. Edited excerpts:

Would you attribute the recent market correction to the categorisation norms?

The regulatory changes are not as disruptive as how people are making them to be. In fact, they are an important step towards making funds true-to-label. It would not be right to attribute the market