Overview

• 91% of individual traders in India’s Equity Derivatives Segment incurred net losses in FY2025, matching the prior year’s loss rate
• Aggregate net losses for retail participants rose by 41% to ₹1.06 lakh crore in FY2025 from ₹74,812 crore in FY2024
• Index options turnover fell 9% in premium terms and 29% in notional terms between December 2024 and May 2025 compared with the previous year
• Compared to two years ago, index options volumes grew 14% in premium terms and 42% in notional terms, reflecting sustained structural expansion
• SEBI’s May 29 reforms introduce enhanced risk disclosures, curbs on misleading ban periods and tighter monitoring of concentration and manipulation risks