scorecardresearch
Follow Us:
Thursday, January 27, 2022

Tyagi bats for safeguarding retail investors

🔴 Goyal, who also spoke at the event, said capital markets should move towards creation of a single window for “doing know-your-customer (KYC) for stockbrokers, mutual funds, financial intermediaries, banking and other stakeholders”.

By: ENS Economic Bureau | Mumbai |
Updated: January 6, 2022 10:40:58 am
Ajay Tyagi, Piyush Goyal, Securities and Exchange Board of India (Sebi), capital markets, Business news, Indian express business news, Indian express, Indian express news, Current AffairsAjay Tyagi (File)

The chairman of the Securities and Exchange Board of India (Sebi), Ajay Tyagi on Wednesday said the retail investor participation in the capital market has increased significantly with the number of new demat accounts increasing from 4 lakh per month in 2019-20 to 29 lakh per month in November 2021 and the regulator and market infrastructure institutions should ensure that these investors keep trust in the capital markets.

“Increased investors participation in domestic markets is an extremely encouraging sign for the growth of capital markets in India. It is for the regulator and the market infrastructure institutions, market intermediaries and other stakeholders to ensure the investors keep trust and faith in the market.

“The investors on their part need to take an informed decisions based on their risk appetite especially in case of derivative. It is very critical to apprise the investors how these products can be used to hedge their risk and the risk involved in taking speculative positions so that they do not get their fingers burnt and disappointed from the capital market,” said Tyagi who was speaking at an event organised by NSE celebrating 25 years of its Nifty 50 index and 20 years of derivatives trading.

Commerce Minister Piyush Goyal, who also spoke at the event, said capital markets should move towards creation of a single window for “doing know-your-customer (KYC) for stockbrokers, mutual funds, financial intermediaries, banking and other stakeholders”.

Goyal said the stock exchanges should put in place a very strong system to maintain “the highest level of integrity and transparency which will encourage Indians to invest in the stock markets and empower households to look at better returns through investment in bourses”.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement