India's stock market has been experiencing significant growth, with the NSE Nifty 50 index averaging annual gains of more than 30% over the past four years. The net wealth of adults in India has grown at an annual rate of 8.7% this century, nearly double the global rate. This growth is not only attracting Indian retail investors but also making the market an aspirational destination for global retail investors. Mutual fund investments outside cities have surged by 200% in the last five years. The health of stock markets is a strategic priority for India's overall economic growth and inclusiveness. However, the rapid influx of investments from small towns, where people traditionally preferred bank deposits, is causing concern among financial regulators.