Mumbai: Securities and Exchange Board of India (Sebi) Chief Madhabi Puri Buch on September 2, 2024 (Monday) assured that soon investors will be able to start SIP (Systematic Investment Plan) with a minimum amount of Rs 250 per month. “We are on the way of Rs 250 SIP becoming a reality,” the capital markets regulator head said.
SIP is a method of investing in Mutual Funds wherein an individual can invest a fixed amount like monthly or quarterly, rather than making a a lump-sum investment. Currently, the minimum installment amount could be Rs 500 a month.
Speaking at a CII event, the Sebi chief announced that when a listed company will provide any disclosure or information on one stock exchange, the same details will automatically be ‘uploaded’ to the other exchange.
It may be noted that based on the recommendations of a committee-led by former Sebi member, S K Mohanty, the market regulator advocated for major changes to disclosure and listing requirements by listed companies.
“A single filing with the exchange will be a reality very soon,” Buch said, adding that as per the proposed changes, when a firm mentions its details on one exchange, it will automatically collate on the other exchange.
IPO docs to be available in many languages
Sebi Chief Madhabi Puri Buch informed that keeping in mind the investors’ interests, the market regulator has plans to make IPO documents available in multiple languages so that there are no language barriers and it also helps in increasing investor awareness. She further emphasised on the importance of the inclusion.
Meanwhile, Buch refrained making any statement on Real Estate Investment Trusts (REITs). However, she said there are regulations simplifying such entities.
“If I utter a word on REITs, I will be accused of conflict of interest,” the Sebi chief said.
She made the comments after US short-seller Hindenburg Research released a report in August alleging that there is a conflict of interest involving Buch and private equity major Blackstone.
Single filing with exchange to be reality very soon, Sebi Chief Madhabi Puri Buch announced, adding that sson investors will be able to start SIP with Rs 250 per month. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
