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Don't get lured by schemes with abnormal returns: Sebi cautions youth

Instead of going through allurement, investors are advised to go through terms carefully: Sebi DGM

Press Trust of India  |  Mathura 

The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai (Photo: Reuters)

Securities market regulator Sebi has cautioned the youth against falling for any scheme promising abnormal returns, especially ponzi ones. "Instead of going through allurement, investors are advised to go through terms and conditions of the scheme carefully before investing," Sebi DGM Surya Kant Sharma said today while delivering his keynote address at a seminar in Amar Nath Girls Degree college in Mathura. At the regionalseminar titled 'Investor's education', organised jointly by and the Securities and Exchange Board of India (Sebi) here, he stressed on proper investmentand protection of investors from frauds. He advised the students to keep details of schemes and agents for future reference, cautioning them against ponzi offerings to avert any financial loss. The official also explained various government programmes, including Pradhan Mantri Suraksha Bima Yojna, Pradhan Mantri Jeevan Jyoti Bima Yojna and He asked participants of the seminar to opt for Atal Pension Scheme. Sharma made out a case for educating the poor to avail of benefits from government schemes. Summing up the seminar, Rekha Verma, Manager IDC, Sebi, advised investors, not to keep unused funds and rather develop the habit of investing money in saving and recurring schemes.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, August 28 2017. 15:44 IST