RISK DISCLOSURES ON DERIVATIVES
                            
                            
                                - 
                                    9 out of 10 individual traders in equity Futures and Options Segment, incurred net
                                    losses.
                                
- 
                                    On an average, loss makers registered net trading loss close to Rs. 50,000.
                                
- 
                                    Over and above the net trading losses incurred, loss makers expended an additional
                                    28% of net trading losses as transaction costs.
                                
- 
                                    Those making net trading profits, incurred between 15% to 50% of such profile as
                                    transaction cost.
                                
Source:
                                SEBI study dated January 25, 2023, on "Analysis of Profit and Loss of Individual Traders
                                dealing in equity Futures and Options (F&O) Segment", wherein Aggregate Level findings
                                are based on annual Profit/ Loss incurred by individual traders in equity F&O during FY
                                2021-22.