linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth
ET Prime
Investing

India has five funds, INR61,000 crore to protect investors. Missing: action on ground, beneficiaries

With 98% of the money not utilised, the investor-protection funds set up by the stock exchanges, Sebi, RBI, and the Ministry of Corporate Affairs have miserably failed. A consolidated authority for investor protection and education can help.
font size
FONT SIZE
save
SAVE
saved
SAVED
Gift this article
GIFT ARTICLE
jyotindradubey
27 Sep 2019 9 Mins Read 0 comment
Getty Images
Money is power. More so if it’s a gargantuan INR61,000 crore. It can service the Punjab National Bank debt, which surfaced during the Nirav Modi scam, five times over. Buy 150-plus bullet trains from Japan (India is buying 18). And conduct another round of general elections. The funds lying with various investor-protection agencies in the country have similar
of efforts in investor-awareness initiatives, many a time the claimant has to deal with separate financial agencies. “A central authority with a complete pool of unclaimed funds will be very time effective for claimants and cost effective in terms of spreading investor awareness,” says Jain. Live with idle funds till India gets one. ( Graphic by Sadhana Saxena)
Money is power. More so if it’s a gargantuan INR61,000 crore. It can service the Punjab National Bank debt, which surfaced during the Nirav Modi scam, five times over. Buy 150-plus bullet trains from Japan (India is buying 18). And conduct another round of general elections. The funds lying with various investor-protection agencies in the country have similar of efforts in investor-awareness initiatives, many a time the claimant has to deal with separate financial agencies. “A central authority with a complete pool of unclaimed funds will be very time effective for claimants and cost effective in terms of spreading investor awareness,” says Jain. Live with idle funds till India gets one. ( Graphic by Sadhana Saxena)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

Current Edition

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]