Rahul Gandhi Urges SEBI to Unveil 'Big Players' Profiting from Retail Traders' Losses

Rahul Gandhi criticizes the Securities and Exchange Board of India (SEBI) for not disclosing major profiteers in Futures and Options (F&O) trading. A study from SEBI reveals that 90% of small investors lost Rs 1.8 lakh crore over three years, with 93% incurring losses during FY22 to FY24.

In a sharp critique, Congress leader Rahul Gandhi has called on SEBI to disclose the identities of major profiteers in Futures and Options (F&O) trading, following revelations that a staggering 90% of small investors incurred losses totaling Rs 1.8 lakh crore over three years.

According to a study by SEBI, 93% of over 1 crore individual F&O traders faced average losses of Rs 2 lakh per trader from FY22 to FY24. The top 3.5% of loss-makers bore an average loss of Rs 28 lakh per person in the same period.

Gandhi emphasized the need for transparency, noting that uncontrolled F&O trading grew 45 times in five years. SEBI also highlighted the urgency for investor education and risk management due to the rapid increase in retail trading facilitated by advanced trading platforms and lower transaction costs.

(With inputs from agencies.)