Reliance Securities plans to educate 1.5 lakh investors

Anil Ambani group company Reliance Securities plans to educate over 1.5 lakh investors this fiscal by way of over 300 investor awareness programmes across the country. "Over the next few months, we propose to educate over 1.5 lakh such investors and are hopeful a large part of these investors would take an informed view while making investments," Reliance Securities Executive Director Vikrant Gugnani said.The company would be rolling out its programme in Punjab, Haryana and Uttar Pradesh in the first phase, followed by the South, West and East regions in a phased manner. "Our focus would be on Tier-2, Tier 3 cities where we feel investors have not been able to participate in the entire exercise of wealth creation because of a lack of information or inadequate hand-holding preventing them from taking the first step," Gugnani added. This is the second investor awareness round launched by Reliance Securities in a span of two years and aims to create awareness on stock market investments, internet trading and various different financial products. The first phase was launched in 2010 with a target of 100 investor awareness programmes, educating over 30,000 investors in 50 towns and cities across India. Reliance Securities is the equity broking arm of Reliance Capital, the Anil Ambani Group's financial services arm.