"The interest is equities is very high, especially the attention that F&O trading is getting. I fear this may not end well, and Sebi should take action", Vijay Kedia said.

Market experts said the main reason for SEBI capping derivatives exposure for AIFs and MFs is that they handle public money. But some AIF money managers counter that saying there should be a level playing field between AIFs and FPIs, because both are regulated…