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SEBI Chief Warns Investors Against Finfluencers and High-Return Claims
More people in India are taking part in investing, but many may not know enough about the risks.
SEBI chief Tuhin Kanta Pandey warned people not to trust anonymous tips, finfluencers or promises of very high returns.
He said people should use regulated services and choose investments they understand.
He also recommended spreading investments across different choices and thinking long term.
A SEBI survey found that many households had heard of market products, but far fewer invested.
Participation was higher in cities than in rural areas.
Project Jagrook will bring several organisations together to teach people about investing.
Another programme, MUST, will focus on university students.
SEBI Chairman Tuhin Kanta Pandey warned investors against finfluencers, anonymous tips and exaggerated return promises.
Speaking at Project Jagrook’s launch in Chandigarh on October 5, he urged investors to use regulated products, channels and entities.
He advised people to invest in products they understand, diversify, begin early and stay invested for the long term.
A SEBI survey found 63% of households were aware of at least one securities-market product, but only 9.5% participated.
Project Jagrook will coordinate investor education, while MUST aims to promote securities-market education among university students.
- Who
- SEBI Chairman Tuhin Kanta Pandey and investors.
- What
- Pandey warned against unreliable investment advice and promoted investor education and informed investing.
- Where
- At Panjab University in Chandigarh.
- When
- October 5.
- Why
- To help investors make informed decisions and guard against investment fraud as participation in capital markets expands.
Investor access
Investor awareness
Expanding capital-market participation
Investor access
Growing household participation and market access provide more people opportunities to invest.
Investor awareness
Pandey stressed that expanding access must be matched by stronger financial awareness and informed decisions.
Key facts
- Households aware of at least one securities-market product
- About 63%
- Households participating in the market
- 9.5%
- Investors with high or moderate market knowledge
- 36%
- Market participation
- About 15% in urban areas and 6% in rural India
- Demat accounts
- 23.8 crore
- Unique investors
- About 15 crore
- Initiatives announced
- Project Jagrook for coordinated investor education; MUST for securities-market education among university students
Sources
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