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Chandigarh 23rd September:- Citizens Awareness Group, in collaboration with Consumer Protection Federation organized Investor Awareness Program under the aegis of Securities Market Awareness Campaign by SEBI in Mohali. It is felt that awareness pertaining to the stock market is lacking among investors. A lot of people cannot invest or hesitate to do so and many tend to make wrong decisions due to lack of information. Advising people not invest in a business they do not understand, investors were asked to look for companies with a sound management.
Surinder Verma, Chairman, Citizens Awareness Group, said that you would not buy a colour TV before visiting a few dealers and taking advice from some friends. But a rumour might prompt you to buy stocks worth Rs. 2 lacs. So most of the losses occurred in the stock market are a result of hasty decisions, greed and fear. He also exemplified how even educated and high income group investors fail to follow the safeguards while investing in the stock market.
Nishant Srivastava, Assistant Manager, National Stock Exchange, New Delhi informed that investors can invest in products, which are ideal for retail investors like Gold exchange traded funds and nifty exchange traded funds. These products are cost effective and transparent options to invest in gold and NSE's benchmark index, Nifty 50. An investor can invest just around 600 rupees to buy one unit of Nifty exchange traded fund and get the benefit of diversification, as investing in one unit gives exposure to fifty shares of the Nifty 50 index. NSE provides products to suit the risk profile of all classes of investors.
P.S. Virdi, President Consumer Protection Federation, Mohali said that objective of the program was to educate the citizens about the investment opportunities available in the securities market and apprise them about their rights and obligations while dealing in the financial market.
Balbir Singh Sidhu, MLA, Mohali was Chief Guest on the occasion he assured full help to the organizations working on the financial literacy and invited them to undertake more and more programs to educate the investors. Some of the social workers were honored on this occasion.
The program was attended by more than 100 general investors and the queries put forward by them were answered by the panelists.
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