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In today's episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets: 1. Milky Mist IPO and India’s Dairy Business Milky Mist is planning a ₹2000 crore IPO, and the story dives into how the Indian dairy industry works, Milky Mist’s unique focus on value-added products like paneer and cheese, and the risks and opportunities behind their rapid growth. It also explains where the IPO funds will be used — from new production lines to better logistics and retail infrastructure. 2. SEBI’s New Rules for Mutual Funds SEBI has proposed a fresh round of reforms to simplify mutual fund schemes, reduce duplication, and give investors more clarity. The new rules address thematic fund overlaps, introduce target-date funds, and tweak existing guidelines — all aimed at improving transparency and investor choice in India’s fast-growing mutual fund industry. Timestamps: 00:00 Intro 00:29 Milky Mist’s ₹2000 Cr IPO bid 10:46 Mutual Funds get a makeover 22:03 Tidbits Get smarter every day with our daily newsletter. Subscribe here: https://thedailybrief.zerodha.com/ Checkout The Chatter here: https://thechatterbyzerodha.substack.... Check out our latest newsletter "Aftermarket Report" here: https://aftermarketreport.substack.com/ Every day, each team member shares something they've learned, not limited to finance. It's our way of trying to be a little less dumb every day. Check it out here: https://onethingwelearned.today/ Listen to this episode on your preferred podcast platform: Spotify: https://open.spotify.com/show/2SJiLdv... Apple Podcasts: https://podcasts.apple.com/in/podcast... Watch this episode in Kannada on @marketsbyzerodhakannada : Disclaimer: Some image(s) may have been created using Al, no copyright infringement is intended. Note: This content is for informational purposes only. None of the stocks, brands or products mentioned are recommendations or endorsements.