FINANCE
Back social causes with just Rs 1000 on the stock exchange
You can now support social causes through the stock exchange, starting with just Rs 1,000. (This is not investment advice).
SEBI this week lowered the minimum amount needed to invest in the Social Stock Exchange from Rs 2 lakh to Rs 1,000, Business Standard reports.
The Social Stock Exchange is a regulated platform for non-profit and for-profit social enterprises to raise funds for social causes.
What's in it for you?
- •BACK SOCIAL CAUSES WITH A SMALLER AMOUNT With the threshold for individual investors lowered to Rs 1,000, those who were looking to support social causes can start small.
- •KNOW HOW DONATION IS USED Investors receive a Zero Coupon Zero Principal Bond. It’s essentially a donation, but it is meant to give you more insight on how your donation is used.
- •UNDERSTAND BEFORE INVESTING Both the NSE and BSE let you invest on the Social Stock Exchange. But before that, you should understand the framework through SEBI's Master Circular.
- •NOTE: Currant does not offer any form of investment advice.
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