India cannot afford to make futures and options trading into a ‘national pastime’, Sebi whole-time member Ashwani Bhatia said on Tuesday, urging investors to be more serious.
Speaking at an event organized by Morningstar here, Bhatia rued that investors are protesting against the latest moves to curb activity in the F&O Segment initiated by Sebi.
The markets watchdog’s study has revealed that 93 per cent of the trades result in a loss for retail investors, and Bhatia said it is the institutional investors who are making money in the process.
“F&O cannot be and should not be a national pastime which actually means that savings of retail participants move into the pockets of institutional hands,” he said, asking investors to do “serious investing”.
He said India is home to more than half of the global derivative volumes, making it the largest base for such bets globally, and made it clear that this is a “crown we do not wish to wear”. “… uneasy lies the head that wears a …
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