It was a dark winter evening. Nervosity was written large on the faces of the group of people gathered in one of the smaller meeting rooms of Taj Mahal Palace, Colaba. While they drank tea or nibbled on cookies and sandwiches, they looked closely at Hercules Tarot, the famous detective, which was quietly in a corner.
Fayne Sweet, who led a large foreign fund with investments around the world, wondered why he was urgently called from New York to attend this meeting. Ambar Advani tried to turn on an I-Don-Care-A-shoot posture, dropped on the couch that stared at his mobile phone. But he knew that the big positions he held in futures and options and the consistent losses he had made had made him the focus of all the attention.
Alfie Patel ran up and down, with an animated discussion with an investment fund chairman. Surabi Saxena did her best not to see irritated because they are called from work. She had to place finishing accents on the agenda of the board meetings, including a number of new interesting ways to press stock brokers. She hoped there would be enough time to do that for 2 o’clock in the morning when she went to bed.
Silence fell in the room when Hercules Tarot, the famous detective, came up to speak. ‘Pardon Mrs. And HerenTo drag you all here at this hour. But the secretary of Le Finance has assigned me a very important job. In the past many months, a strange madness seems to have seized the Indian stock market. The stock prices are rising and rising, but companies report gloomy turnover and profit figures. Investors do not seem to give income, the risk of madman in America, the higher rate or the delayed question, “Tarot gestures said with his hands.
‘Someone continues to buy these shares at such absurd prices. Mademoiselle Sanity, who ensures that investors link fundamentals to stock prices before buying, was found dead last month in one of the alleys of Dalal Street. I investigated this murder and I am sorry to say that the murderer is one of you. ‘
Everyone looked stunned with this announcement. Fayne Street jumped out of his chair indignantly: ‘Look here Monsieur Tarot, you cannot throw such accusations at foreign investors. We have been the most rational in this foolish bull-run. Why should we buy Indian shares if Chinese shares are available at a much lower price that several earn? ‘
“It’s true,” Tarot said that slowly nodded his head. ‘The needle of suspicion was first up to you, because you are much unscrupulous about increasing prices without any fundamental basis and are very able to strangle Mademoiselle Sanity. But since last October, foreign portfolio bullies are constantly selling Indian shares, which so far sell more than $ 15 billion in 2025. This time you have protected surprisingly Mademoiselle. ‘
Fayne Sweet stopped a sigh of relief. Because the regulator already pursued him for the naughty trade tactics in index options, he only wanted to get to the right side of Indian law, so that he could continue to rake in his billion.
“Monsieur Ambar Advani is also guilty of being stupid from listening to people on YouTube or WhatsApp groups and buying shares blindly and often hurting Mademoiselle common sense,” Tarot continued. Ambar looked up from his mobile phone with a somewhat nothing look.
“I investigated Monsieur Advani and his friends and I concluded that although they are capable of the murder, they did not do it this time,” Tarot continued. The market correction in the first quarter of 2025 seems to have frightened them. They only bought £ 10,521 crore of shares between January and July 2025, which is low compared to the purchase of £ 1.65.810 Crore of shares in 2024. The murder of Mademoiselle Sanity was not done by him. ‘
“How long do we have to stay here and listen to this Drivel?” Surabi exclaimed Saxena.
“Just a little longer ma’am,” Tarot continued. ‘A look at the turnover in the Kasmarkt shows that Fayne Sweet and Co. Were net sellers in 2025 and Ambar and his friends bought very few shares. But domestic institutional investors were the largest buyers this year, net purchasing shares worth £ 4,18.514 crore until July. They also bought more than £ 5 lakh crore in 2024. “
“Monsieur Alfie Patel,” Tarot continued. ‘Your friends, investment funds are largely the fault for this blind purchase of shares. You have a hand in the murder of Mademoiselle common sense. Do you agree? ‘
Alfie Patel became quite agitated about this. ‘What can I do Monsiuer, it is not as if I don’t know that Mademoiselle is a common sense when we buy at the moment. But the SIP (systematic investment plan) continues to come. The average monthly SIP inflow amount was £ 27,463 in FY26 so far, while it was £ 24,112 crore in FY25. ‘
‘But why do the fund houses advertise so hard? Should they not keep his mouth shut when valuations are rich and Mademoiselle common sense is in danger? “Tarot strictly asked.
“Gift it to Sebi, Monsieur,” Alfie said almost close to cracking in tears. ‘It has released freely approval of the investment fund in the recent past. Almost every brokerage, PMS or AIF now wants to launch an investment fund, usually passive funds. MF Folios has shot in the last year. ‘
“Aha, and with that we finally have our perpetrator,” Tarot said with a tweak against his waxed mustache. ‘Madame Surabi, you and your organization support Mademoiselle Sanity. You let bad investors enter the stock market through new investment funds in peak valuation. ‘
‘Heaven!’ Surabi Saxena said who rolled her eyes. “So it’s all coming to me. I only tried to improve the penetration of the stock market. Investment fund route is the safest, so we encourage more of them. You can’t arrest me for that. ‘
‘WHERE Madame, “Tarot said,” but you certainly acknowledge that the new MF approvals and the continuous SIPs prevent the stock market from correcting. That has killed the bad Mademoiselle Sanity and the Indian stock market, became the target of all jokes. ‘
“What do you imagine that I do?” asked Surabi with a haughty look.
“You will stop distributing new MF licenses for the time being and you ask new investment funds that have not started the activities to postpone the launch for six months,” Tarot said. Regarding Alfie, he said: ‘Together with the investment fund Sahi Hai campaign, you must also carry out campaigns on when to stop SIPs, when you need to cash in and when you have to switch. This campaign with one direction does more damage than good. ‘
“This means that we can go now,” asked Ambar, looking up from the mobile.
“Oui,” said tarot. ‘The murder of Mademoiselle Sanity happened to be and because of misguided actions by Alfie Patel and Surabi Saxena. As soon as they make up for it; Mademoiselle Rationalality can be asked to come to the Indian stock market and to restore the balance. Au Revoir Madame et Messieurs, thank you for your time. ‘
Published on September 13, 2025
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