Mumbai, April 25 (IANS). SEBI i.e. Securities and Exchange Board of India (SEBI) Chairman Tuhin Kant Pandey said on Saturday that technology is rapidly changing the way trading, investment distribution and advice are provided, as a new generation of investors are coming into the market.
Speaking at the 38th Foundation Day celebrations of SEBI in the country’s financial capital, he said today’s investors are digitally connected, aware and ambitious.
He said that technology is changing the way trading, investment services and advice are provided, capital flows are now global and risks are interconnected.
Highlighting the changes in the Indian stock market, Pandey said that this is not just a story of size or figures, but it is a symbol of the confidence of investors.
“What does the Indian stock market represent today? It is not just figures or size, but a reflection of confidence,” he said.
Talking about the current situation, he said that today there are more than 5,900 listed companies in India and more than 14 crore unique investors.
He said market capitalization has grown at a compound annual growth rate (CAGR) of about 15 per cent over the last 10 years, while mutual fund assets have grown at more than 20 per cent every year.
Apart from this, the corporate bond market is also continuously growing and every year around Rs 10 lakh crore of capital is raised through the primary market.
Pandey further said that Indian markets are now becoming more connected to global capital flows, making them more dynamic, but at the same time risks are also increasing.
He said that in such a changing environment the role of rules becomes even more important.
He stressed, “With market dynamics also increases responsibility. Therefore, it is important to ensure that innovation does not overtake security, awareness does not diminish as reach increases and growth remains sustainable. In such times, balanced and thoughtful regulations are a must.”
–IANS
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