Securities and Exchange Board of India, the regulator of stock markets and mutual funds. Set up in 1988 and given statutory powers in 1992.
Headquartered in Mumbai.
Related terms in Markets & investment
Bear market
A market in which prices are falling or expected to fall. A bull market is the opposite.
Bond
A loan given by an investor to a government or company, which pays interest (coupon) and returns the money on maturity.
Call money
Money lent between banks for one day. Notice money is for 2 to 14 days, and term money for 15 days to one year.
Certificate of Deposit (CD)
A tradable short-term deposit issued by banks. The minimum is Rs 5 lakh and bank CDs run from 7 days to one year.
Commercial Paper (CP)
An unsecured short-term borrowing instrument issued by companies, with a maturity of 7 days to one year.
Debenture
A debt instrument issued by a company, usually unsecured, that pays fixed interest.
Demat account
An account that holds shares and other securities in electronic form.
Derivative
A contract whose value depends on an underlying asset such as a share, index, commodity or currency.
Dividend
The part of a company's profit paid to its shareholders.
ELSS
Equity Linked Savings Scheme. A mutual fund that invests mainly in shares and has a three-year lock-in. It gives a tax deduction …