Regulations
SEBI chairman asks people to invest in capital market

According to UK Sinha, investment in mutual funds and equity market is important for the people in their long-term interest


Patna: UK Sinha, chairman of the Securities and Exchange Board of India (SEBI) has asked the people of Bihar to consider investment in the capital market in equity and mutual funds for better long-term returns, reports PTI.
 
Investment in mutual funds and equity market was important for the people in their long-term interest as the centre has launched a number of pension schemes where the investors can put in their money for safe and handsome returns over about 20 years after retirement, he told a seminar.
 
The mutual fund sector has only 0.42% share of Bihar's investment at Rs1,509 crores and only 24 offices, while the number of d-mat account holders in the state is quite low.
 
There was only one registered share broker, 1,000 terminals of share market in the entire state and only two companies located in it listed on the bourses, the SEBI Chairman said.
 
He said SEBI had framed rules for popularizing investments in mutual funds in the small towns and was giving an opportunity to the non-income tax payers in the equity market.
 
SEBI has also proposed steps for propagation of financial literacy among the people to motivate them to invest in equity and venture capital.

User

COMMENTS

Sweena Jain

4 years ago

Small investors be cautious and dare not to enter capital market as there are more CHEATS than GENUIGN and regulator or Exchanges will never ever come for your help.Therefore be CAREFUL.

DLF Home Developers to pay Rs7.12 lakh for unfair trade practice
Indicting DLF Home Developers for taking money from the buyer without entering into a formal...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Airtel to pay Rs6,000 for not activating SIM after taking money
The Consumer Forum asked Airtel to refund Rs1,000 to Asha Sharma towards the cost of the SIM...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)