Investors aged 26 to 30 consider the number of followers as a key parameter for trust. However, more than half of investors, who deemed an influencer's registration status as extremely important, were unaware of their actual registration status.
The new proposal comes close on the heels of six measures introduced by Sebi to curb frenzy in index derivatives.
In January, SIP account closures surpassed new registrations for the first time.
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