Mangalore: An Investor Awareness programme was organised at Hotel Ocean Pearl on February 25 morning, to attract investors at large. It was organised by SEBI, along with National Securities Depository Ltd, the largest such in India (NSDL).
SEBI and NSDL official from Mumbai and Chennai presided over the session, providing and opportunity to investors to clear their doubts and expand knowledge on capital markets prior to short/long term investments.
Suresh B. Menon, Chennai, in his inaural address said SEBI was making efforts to go out of large cities to ‘B’ cities and educate common investors on Capital market, which have grown in last 20 years, and how they have withstood crises one after the other.
SEBI was a stock market regulatory body established in 1992. The Securities and Exchange Board of India (SEBI) had brought about drastic reforms in capital market acting as insulators in India, when financial crisis hit the global market.
He lamented the poor financial literacy among Indians who are in the habit of long term investments reap good returns.
Nitin Ambure of National Securities Depository Ltd (NSDL) explained how the depository system worked, what Demat account is, and how to operate such an account.
NSDL, even when capital market was low had an additional one lakh accounts every month, which is a symbol of its stability. He was guarded about giving power of attorney to deal with Demat accounts to others.
V. Ramesh of Association of Mutual Funds of India (AMFI) told investors that mutual funds may not give assured results, but yielded well on long term investments plan.
Several sessions were conducted during the day to get people into Capital markets. Investors cleared their doubts in questions and answers session.