Sebi's investor charter to be notified next month, won't be legally binding

Charter to act only as a guide; other regulators such as Irdai, PFRDA to come out with their charters only next year

The Securities and Exchange Board of India (Sebi) is likely to notify the investor charter' early next month.

Other regulators, such as the Insurance Regulatory and Development Authority of India (Irdai), and Pension Fund Regulatory and Development Authority (PFRDA) would come out with their charter only next year, said two people in the know.

According to the sources, the investor charter will have the mission and vision of Sebi for investors. It will also include the rights and responsibilities of investors. The charter, however, will be treated as reference and have no legal binding.

Besides, market intermediaries including stock exchanges,