Sebi boost for investors in retail

Aug 19, 2010 |

Correspondent

Market regulator Sebi on Wednesday proposed to double the investment limit for retail investors to Rs 2 lakh in public issues, a move that will enable individuals to aggressively participate in primary issues of companies. “It proposes to enhance the limit prescribed for a retail individual investor in a public issue from the existing Rs 1 lakh to Rs 2 lakh,” the market regulator said. The current limit of Rs 1 lakh for retail investors was fixed over five years ago in March 2005. Giving justification for its proposal, the market regulator said the limit for retail investors needed to be enhanced in view of the increase in inflation from 4 per cent in 2005 to around 12 per cent currently and rise in the BSE Sensex from 8,000 points to about 18,000 points during the same period.

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