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New Delhi: Market regulator Sebi's Chairperson Madhabi Puri Buch on Tuesday said households in the country are losing up to Rs 60,000 crore annually by participating in the futures and options (F&O) segment of the market.
Speaking at an event organised by the National Stock Exchange (NSE) here, the Sebi chief wondered why such bets in the derivatives markets should not be called a "massive issue". "If the F&O segment is losing Rs 50,000-60,000 crore every year, why is it not a mass issue? This amount could have been invested in upcoming IPOs, mutual funds or other productive purposes," Buch said.
According to a study report by SEBI, 90 percent of the deals were in loss. The regulator also issued a consultation paper on Tuesday, which suggests ways to limit this activity. Buch said that even though the stock markets may get less fees due to less F&O, in the long run it will be beneficial for all stakeholders.
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