Sebi introduces new measures to curb misleading investment return claims

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Sebi introduces new measures to curb misleading investment return claims - Business Standard

Quick Summary:

The smallcase platform is a financial technology platform that offers pre-built portfolios of stocks and exchange-traded funds (ETFs) to help investors build diversified, low-cost portfolios.

Industry players said that for any claims such as “best performing”, “safety during volatility”, “top ranked”, or those on high returns, it would be mandatory to seek verification of the same.

Interestingly, Sebi has decided to not make it mandatory for entities to avail the services of such a validation agency.