SEBI chief asks investors not to invest on basis of market rumours
The Hindu
“Investors need to be careful and do their due diligence while investing in securities markets,” SEBI Chairman Ajay Tyagi said.
Amid growing retail participation in equity markets, SEBI Chairman Ajay Tyagi has cautioned investors against investing on the basis of market rumours and asked them to deal only with registered intermediaries.
After COVID-19, the Indian securities market witnessed a significant growth in terms of market capitalisation as well as numbers of new demat and trading accounts. Also, the mutual funds saw significant inflows, Mr. Tyagi said.
“Investors need to be careful and do their due diligence while investing in securities markets. They should not invest on the basis of market rumours and should deal only with registered intermediaries,” Mr. Tyagi said in a message on the ocassion of the World Investor Week 2021.
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