SEBI urges Indians to diversify investments beyond gold

The Securities and Exchange Board of India (SEBI) is urging Indians to look beyond traditional investments like land and gold. SEBI Executive Director Manoj Kumar encouraged people to consider mutual funds and stocks for better returns. During a recent investor awareness program hosted by the Association of Mutual Funds of India (AMFI), Kumar highlighted that many people still rely on old saving habits. He noted that while the Indian financial market has improved, scammers still target uninformed investors. This makes financial education very important. Kumar mentioned that mutual funds are a safer investment option. Despite increasing fund inflows, retail participation in mutual funds remains low. He pointed to technological advancements that have made investing more transparent and accessible. Now, investors can trade stocks and invest in mutual funds using smartphones. He also discussed how mutual funds can help stabilize the market, especially during times when foreign investors withdraw funds. AMFI CEO Venkat Chalasani stated that converting savers into investors is crucial for market growth. Local leaders shared their insights on mutual funds during the event.