SEBI to Conduct Pan India Investor Survey...!

SEBI to Conduct Pan India Investor Survey

Capital markets regulator, the Securities and Exchange Board of India  SEBI has decided to conduct a nation-wide investor survey to understand investment habits of individuals & households in different parts of India.

The regulator SEBI has commissioned the survey to Nielsen India Pvt Ltd, which would collect information from residents in different states & Union territories.

"This is a major exercise taken up at the national level &requires to be completed in a short period. All households are requested to cooperate whole-heartedly in this exercise.

"Any information supplied by the individual respondent shall be kept strictly confidential,"  (SEBI) said in a public announcement.

The SEBI Investor Survey 2015 follows 3 other surveys SEBI had commissioned earlier on how households save & invest.

The last such survey, by NCAER, was released in January 2012.

An earlier survey found that 32% of households, who were making investments in markets, depended on the informal advice of their family and friends.

The survey had also shown that 35% of investors made their investments because they read something in newspapers or they saw something elsewhere in media.

Collectively, 67% investors in the country were following informal advice system while only one-third were following formal advice system.

SEBI Chairman Mr. U K Sinha recently said this situation needs to change while there was a need for a greater share of household savings to come into the financial markets.

Mr. Sinha had said just nearly 3% of savings were getting into securities markets & the country had only about 3.50 crore beneficiary owner demat accounts.

Giving the context of the stock market having given an average annual return of over 15% in a longer period time horizon of 15 to 20 years, Mr. Sinha said a large population was losing out on such high returns as they were parking their funds in non-financial products.

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