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Financial Literacy
Markets regulator Sebi on Monday tweaked the investor charter for investment advisers and research analysts to enhance financial inclusion and financial literacy. This came in view of the recent developments in the securities market, including the introduction of the Online Dispute Resolution (ODR) platform and SCORES 2.0 -- a web-based centralised grievance redressal system of Sebi. The modified charter includes vision, mission, services provided to investors and details of business transacted by investment advisers (IAs) /research analysts with respect to their investors, according to separate circulars. Additionally, it includes rights and responsibilities of investors; details of redressal mechanism available to investors and how to access it, along with formats for investors complaints data to be disclosed monthly by IAs and RAs on their website and mobile applications and trend of annual disposal of complaints. The markets regulator has investment advisers and research analys
The National Stock Exchange of India (NSE) on Tuesday said it has inked a pact with online food delivery platform Zomato to promote financial literacy and investor awareness programmes among the gig economy workers. This partnership aims to launch an extensive financial literacy and investor awareness drive, specifically designed for Zomato's delivery partners, impacting the lives of over 50,000 gig workers across the country, NSE said in a statement. As a part of the pact, fundamental aspects of personal finance management and the basics of investing will be covered. Topics will include budgeting, saving, investing, debt management, and insurance, among others. To ensure accessibility and inclusivity, the programme will be conducted in multiple regional languages, catering to a diverse audience among the gig workforce. "This partnership with Zomato is a significant step in expanding our outreach to a critical segment of the workforce that drives the digital economy. By equipping .
Ease of transactions through the digital mode, rising disposable incomes and increased financial literacy are prompting young Indians to venture into mutual funds' Systematic Investment Plan (SIP), a top official of WhiteOak Capital Mutual Fund said. WhiteOak Capital Mutual Fund, which has 3.33 lakh investors and manages assets worth Rs 8,400 crore since its began operations one-and-half-years ago, said GenZs and Millennials account for 56 per cent of their investors. Millennials, also known as Gen Y, are typically defined as those born between 1981 and 1996. Generation Z, or GenZ, are those born between 1997 and 2012. The data shared by the fund house showed that 28 per cent each of its 3.33 lakh investors belong to the 18-35 years and 35-45 years age groups. The majority of its investors -- 51 per cent -- came through digital channels at the age of 18-35 years. "As millennials and GenZ are digital natives, it is quite natural for them to prefer technologically centric financial
Markets regulator Sebi has set up a pavillion at the India International Trade Fair here to showcase the well-regulated securities market of the country and to spread the message of financial literacy and investor awareness. During the 14-day event, Sebi, market infrastructure institutions and industry associations will organise activities such as talk shows by market experts, skits, muppet shows and other activities to spread investor education and awareness, the markets regulator said. Sebi, along with exchanges BSE, NSE, MCX, NCDEX, and market intermediaries -- CDSL, NSDL, AMFI, ANMI and CPAI -- set up the pavilion 'Bharat Kaa Share Bazaar' in the 42nd India International Trade Fair, it said in a statement. The regulator's theme in the exhibition is "Vaishvik Samridhi Ka Adhaar, Bharat ka Share Bazar", which is aligned with the G20 theme of "Vasudhaiva Kutumbakam". Over the years, Sebi has implemented many investor-friendly measures through the use of technology like screen-base