Reduce dependence on capital inflows, channelise saving: SEBI

The Securities and Exchange Board of India (Sebi) on Friday emphasised the need of India to reduce its dependence of capital inflows and channelising saving to more productive products as against going to gold.

Sebi's Whole time director Rajiv Kumar Agarwal said, “We have to reduce our dependence of capital inflows and become more resilient. The country needs to channelise saving to more productive products as larger portion of the saving is going to gold.” He was addressing the Asian Forum of Investors Educations (AFIE) Conference.
Further, Agarwal said imparting education and disseminationg information is necessary for developing an equity culture in the country. 

In a message read out to investors at the conference, Sebi Chairman U K Sinha, who could not attend the event, said: “Sebi understands that educated investor is a protected investor. We can widen retail investors' base in the country by imparting education and disseminating information about the capital market.”

Education would help investors in protecting them from volatility in the equity market and also reduce volatility in individual stocks, the statement said.  He said that Sebi has had a multi-pronged approach towards investor awareness, which includes empowering the current investors, converting savers into investors and "catching them young" by educating school children and college students.

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