Financial literacy can leads to national growth

INVC NEWS
Chandigarh,

In his deliverables, Suprabhat Lala of National Stock Exchange (NSE), he revealed Indians tops the chart in ‘Saving Grade’ globally but unfortunately they fails to convert their capital in saving and returns handsomely due to the lack of financial awareness. Despite of having vivid options like Stocks, Mutual Funds, Bonds and other forms of market investments, investors have yet to utilize their tools. He said NSE in his endavour imparting from school level to big investors through their programs.

Mumbai based Security Exchange Board of India (SEBI)’s Chief General Manager N Hariharan in his address emphasized that before investing investor must go through the profile of company and above all check whether is it/they registered with SEBI or not. He opined SEBI, IRDA and Ministry of Corporate Affairs (MCA) are there to rescue investors in case of extreme.

Surya Kant Sharma, DGM, NSE (New Delhi) rued that approximately Rs 28,000 Crores is still unclaimed with LIC due to sheer negligence of policy holders. Either they never informed their families about the investment or not provided their contacts or correspondence. He insist an investor must share details about their investments to family.

Also present on the occasion, Renu Bhandari, SVP, NSE, Sunil Kadam, Regional Director, SEBI, Surender Verma, Chairman, CAG also briefed about the various aspects of investment and govt schemes on investment.