Shimla: Bombay Stock Exchange (BSE) in collaboration with Pace Financial Services held an investors awareness camp here on Saturday evening that was attended by over fifty people, mainly retail investors, which included women, whereby nuances of trading options and do and dontâ€™s were explained.
Ritesh Kumar, deputy manager BSE, in his presentation cautioned about the pitfalls that were inherent in market trading, especially about the high risk future and options markets.
Kumar also informed the gathering that BSE which happens to the oldest stock exchange in Asia that started operations in 1875 now had also started trading in mutual fund units from 4th December. Already about 20 funds have registered with the exchange, he said.
For first time investors he said getting into the stock market via the IPO was a good option and mentioned that after book closure within 30 days, the company has either to issue shares or refund money, otherwise it would have to pay 15% percent interest.
For any kind of disputes, SEBI needs to contacted and the matters are settled within six months period, he said
Part of a customer awareness initiative of the exchange, such camps are conducted across the country, he said on the sidelines.
Priyadarsi Bal, marketing head of Pace financial services in his presentation mentioned about the concern that started operations in 1995 but only entered the retail segment just over a year ago. He said that they were dealing in all kinds of financial products and were awaiting a license for entering the insurance business.