HDFC AMC,Nuvama and Nippon Life are facing pressure in trade. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Capital market and asset management company (AMC) stocks are facing pressure in trade on Wednesday, on the back of Securities & Exchange Board of India's (SEBI) coming out with a consultation paper on mutual funds.

Shares of HDFC AMC and Nippon Life India Asset Management are trading with cuts of more than 4%, while Nuvama Wealth Management and Aditya Birla Sun Life AMC have fallen more than 3%.

More pain is being witnessed in Motilal Oswal Financial Services, which is trading with cuts of almost 7% while IIFL Capital has fallen 10%.

The pain in capital market stocks largely comes after SEBI's paper on mutual funds, which proposed widespread

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