A whopping 91.1% of these traders lost money in FY24, and the average loss per head was ₹1.20 lakh. During FY22-FY24, 11.3 million traders incurred a combined net loss of ₹1.81 trillion. Only 7.2% of traders made a profit during this period.
While individuals made losses in F&O, the foreign portfolio investors (FPIs) and proprietary traders earned about ₹28,000 crore and ₹33,000 crore, respectively, in FY24. Against this, individuals and others incurred a loss of more than ₹61,000 crore in FY24 (before accounting for transaction costs).
The proportion of young people (under 30 years old) trading in F&O has increased significantly from 31% in FY23 to 43% in FY24. Nearly 93% of these young traders incurred losses in F&O in FY24, higher than the average loss-makers of 91.1% that year.
Among these, low-income traders (those earning less than ₹5 lakh a year) accounted for 76% of F&O traders in FY24 and had the highest percentage of loss-makers.
Diese Geschichte stammt aus der November 18, 2024-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der November 18, 2024-Ausgabe von Mint Mumbai.
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