Debt Funds Face Seismic Shift as Supreme Court Upholds SEBI's Total Return Index Mandate
New Delhi, November 10, 2025: For the first time in India's mutual fund industry, which has issues worth almost ₹50 lakh crore, the Supreme Court affirmed today what should be regarded as a landmark pronouncement: the controversial mandate of the Securities and Exchange Board of India (SEBI) for showing debt mutual funds as benchmarked against their performance on the Total Return Index (TRI).
January 19, 2026•4 min read