Sebi has advised investors to stay away from lucrative return offers of new companies in its bid to prevent them from falling prey to fraudsters.
"Beware of companies offering exorbitant returns such as unregistered collective investment scheme", regional director of Sebi, Sharad Sharma said at an investors' awareness programme here.
The programme — Financial Inclusion through Financial Education — was jointly organised by National Stock Exchange of India Limited (NSE), in association with Sebi, ICICI Mutual Fund and RCA Girls PG College Mathura, to educate people about benefits of financial markets and to make them aware about opportunities to grow their wealth.
Sharma disclosed various initiatives of Sebi in imparting financial education amongst general public. He also cautioned the participants from allurement of Ponzi schemes and advised investors to refrain from investing in companies or schemes that virtually have no underlying business model.
NSE Chief Manager Renu Bhandari narrated in detail about 'Principles of Sound Investing'.
NSE is witnessing healthy participation in new age products like ETFs – the low cost and well researched products, she stated.
She also advised participants about the dos and don'ts of investing while entering the market.
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