Assamese women are major stock market investors

GUWAHATI

The information of women successful the banal marketplace is among the highest successful India but investors successful the State are among the astir susceptible to online trading scams, officials of the Securities and Exchange Board of India (SEBI) said connected Wednesday, February 5, 2025.

A SEBI authoritative said Assam has been a rising unit successful India’s concern landscape, clocking much than 24.6 lakh registered investors, with 29.8% of them being women.

“The information of Assam’s women successful the securities marketplace is the fifth-largest among each States crossed the country. They person played a captious relation successful the State’s capitalist maturation tripling from 0.7% successful 2019 to 2.3% successful 2024,” the authoritative said astatine an inaugural to beforehand consciousness and support the involvement of investors successful the banal market.

The inaugural was attended by Anuradha Verma, General Manager, SEBI.

SEBI officials, however, said investors successful Assam request to beryllium wary of fraudsters offering higher returns from banal trading. They said galore investors, who were not excessively clued into the mode the banal marketplace functions, had been conned successful Assam by dubious agencies and brokers. One specified trading steadfast was DB Stock Broking, which defrauded investors of astir ₹7,000 crore successful 2024.

DB Stock Broking, which began operations successful 2018, had immoderate 16,000 clients. It allegedly invested the clients’ wealth done a trading level and promised exceptionally precocious returns ranging from 8% monthly to 120% annually.

The SEBI’s ‘Regional Investor Seminar for Awareness’ programme focused connected educating investors astir the securities markets, fraud and scam prevention, rights and responsibilities, and astute investing practices.

Published - February 05, 2025 08:01 p.m. IST