Investor Presentaiton
Financial literacy is defined by OECD (Organisation for Economic Co-operation
and Development) as "A combination of awareness, knowledge, skill, attitude
and behaviour necessary to make sound financial decisions and ultimately
achieve individual financial wellbeing" (OECD/INF, 2018)
Education &
Investor
Protection
IEPF
Financial education is a process by which financial consumers/investors improve
their understanding of financial products, concepts and risks and through
information, instruction and/or objective advice, develop the skills and
confidence to become more aware of financial risks and opportunities, to make
informed choices, to know where to go for help and to take other effective
actions to improve their financial well-being (OECD, 2005).
The process of investor education can be defined building on the OECD definition of financial
education (OECD, 2005) as "the process by which through information, instruction and/or
objective advice, potential and existing investors improve their understanding of investment
products, concepts and risks and develop the skills and confidence to become more aware of
investment risks and opportunities, to make informed choices, to know where to go to seek
advice, and to take other effective actions to improve their long-term financial well-being".
(OECD, 2017)
Prof. Kamakhya Nr. Singh, IEPFA Research Chair
Fund
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