Create financial awareness, make stock market accessible to everyone: Tyagi

Says Regulators and the govt will have to constantly engage with stakeholders to achieve it

The Securities and Exchange Board of India (Sebi) wants the stock market to become accessible to everyone by creating financial awareness, not through tax incentives. 

“Some say to get people into capital markets, there should be some support in terms of tax. I am not in favour of any tax concessions. People should come into the market through awareness,” said Ajay Tyagi, chairman of Sebi, at a felicitation ceremony of the National Financial Literacy Assessment Test (NFLAT) at the National Institute of Securities Markets.

Only two per cent of the population invest directly in  stock markets.

“India is a huge