“SEBI must reveal the names of the so called ‘Big Players’ making a killing at their expense,” the former Congress chief said.The study said in FY24 alone, individuals incurred about Rs 75,000 crore in net losses. It found the top 3.5 per cent of loss-makers — about 4 lakh traders — faced an average loss of Rs 28 lakh per person over the same period, inclusive of transaction costs.On the other hand, only 7.2 per cent of individual F&O traders made a profit over the period of three years and only 1 per cent of individual traders managed to earn profits exceeding Rs 1 lakh, after adjusting for transaction costs.Moreover, the number of retail traders, or individual traders, has almost doubled in two years to about 96 lakh in FY24 from about 51 lakh in FY22.Although such investors contributed about 30 per cent to the total turnover in FY24, they are a clear majority in number terms, as 99.8 per cent of total traders in the equity F&O segment are individuals.”The availability of sophisticated trading platforms and lower transaction costs have enabled retail investors to actively trade in options and futures contracts, contributing to the surge in market liquidity,” SEBI said.The regulator said rapid growth in F&O trading activity has highlighted the need for investor education and risk management practices, as a significant proportion of retail traders continued to incur losses in the market.
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