What does sebi new rule convey??
The Securities and Exchange Board of India, or Sebi, has come out with its draft proposal, reports CNBC-TV18. As per the proposal, the regulators wants to ban brokers from recommending shares on subjective, arbitrary information; investors need to have minimum networth of Rs 5 lakh to trade in F&O; and brokers shall not execute trades in own account ahead of recommendations and not execute trade unless authorized by clients.
DO WE NEED TO HAVE 5 LACS TO TRADE IN FUTURES N OPTIONS??
According to the draft, the investors would be required to have a minimum net worth of Rs 5 lakh for trading in derivative segments.
The Sebi guidelines also seek to ban research analysts from buying or selling shares of the concerned company 30 days before and five days after the publication of the research.
SEBI reduced the lot size on scripts to increase partcipation…now they are talking abt minimum 5 lac networth.
F&O is for hedging ….not for intra day. In INDIA speculater is high .So F&O is money making tool
F&O for FII,MUTUAL FUND & INSURANCE and for HNI.Not for small retail investor
F&O for FII,MUTUAL FUND & INSURANCE and for HNI.Not for small retail investor
A very good move by SEBI. However, people always come out with an alternative. Hope there should not be any loop holes and should not lead to yet another scam..
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