Aim to double equity investor base in 3-5 years: Sebi chief

THE SECURITIES AND Exchange Board of India has set an ambitious target of doubling the number of investors in the Indian equity market in the next 3-5 years, said Chairman Tuhin Kanta Pandey at an CII event on Monday.

- NESIL STANEY

Citing data from an investor survey by the market regulator, Pandey said that while 63% of the households are aware of the securities market, only about 9.5% are investing in it and another 22% are looking at investing in it over the next 12 months.

A comprehensive review of Sebi's regulations is underway. The process is well advanced for Stock Brokers Regulations and Mutual Fund Regulations. For Settlement and LODR Regulations, the preparatory work has started and public consultations will follow, Pandey said. "The goal is clear - a regulatory architecture that is contextual to our present and future needs, unambiguous, easier to comply with and more effective to supervise."