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Its mostly about "structuring" (in reality, doing filings, some drafting, some memos) mutual funds, foreign funds, and so on. About 3 months of learning, then its all repetitive till some new SEBI circular lands up, then its another week or so of "innovative structuring", then back to repetitive work.

All in all, I would say its a solid tier 2 practice area (for the largest mandates, the M&A/corp equity partners take the lead - like Aswath at AZB). This crypto stuff I have never seen, probably tech focused firms must be doing it.