Said to buy public and sold stock yourself! Who is Sanjeev Bhasin on whom Sebi banned

Sanjiv Bhasin has been one of the most popular and experienced stock market experts in the country. Bhasin, who was a former director of IIFL Securities, was well -known for his share reckment on TV channels, Telegram and social media. He has also played an important role in big institutions like Deutsche Bank and HB Group. Also, he had also made model portfolio for retail investors on platforms like Smallcas.

Why was Sebi banned?

SEBI investigation revealed that Sanjeev Bhasin used to put by order in his own accounts, Gemini portfolios, venus portfolios and HB Stock Holdings just before his public recommendation. Then when the share prices rose from their ‘Buy’ call, they used to earn profits by selling the same share. Meaning is clear, who asked the public to buy, sold himself quietly. SEBI banned him due to this “fraud” and ordered to return illegal earnings of about Rs 11.37 crore.

The beginning of education and career

Sanjeev Bhasin, who studied at Sriram College of Commerce (SRCC) of Delhi University, passed the Chartered Accountancy and also did not complete it for two years, although it was not completed. In 1985, he stepped into the world of stock market and then stayed in this field for 33 years.

What was his investment strategy?

In Bhasin’s strategy, 50-55 percent of the money was always in big and reliable shares and he kept 30 percent of the money in cash, so that he could trade fast on getting the opportunity. In the initial days, he made good profits by investing in multinational companies like Glaxo.

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