SEBI’s ‘Jagrook’ call: Don’t follow tips, understand before you invest
SEBI's 'Jagrook' call: Don't follow tips, understand before you invest SEBI urges investors to avoid tips and finfluencers, understand products and risks and create informed investment decisions.
SEBI's 'Jagrook' call: Don't follow tips, understand before you invest SEBI urges investors to avoid tips and finfluencers, understand products and risks and create informed investment decisions.
Article outline
- What happened
- Why it matters
- The bottom line
Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey. (File photo).
Launching its nationwide investor-awareness initiative, Project Jagrook, from Chandigarh on Monday, SEBI chairman Tuhin Kanta Pandey pressed investors to beware of investment frauds and apply regulated products, channels and entities instead of relying on anonymous tips, finfluencers or exaggerated claims regarding returns.
Pandey advised investors to follow five basic habits – invest only in products they understand, start early and stay invested to allow compounding to work, diversify their investments and not mistake fixed returns for risk-free investments.
"Instead of asking, 'Which product gives the highest return?', first ask, 'What am I investing for?'" he remarked.
Taken together, the developments around sEBI's 'Jagrook' call: Don't follow tips, understand before you invest point to a situation that is still moving, and the coming days should bring more clarity.
