Latest news with #SecuritiesandExchangeBoardofIndia
News18
15 hours ago
- Business
- News18
How to Buy Silver ETFs in India
Last Updated: A Silver ETF is a type of mutual fund that monitors the price of silver. It primarily invests in silver or securities linked to silver. Exchange-traded funds (ETFs) are investment vehicles that allocate the pooled fund among a range of asset classes, including equities, bonds, commodities, and more. Silver ETFs are an easy and affordable option to invest in silver without actually possessing the metal. Investment vehicles silver ETFs, follow the market price of real silver. Several fund houses and stock exchanges in India offer silver ETFs and are governed by the Securities and Exchange Board of India (SEBI). Since silver ETFs are exchanged on stock exchanges, they have the benefit of being easy to buy and sell. Open a Demat and Trading Account You must open a trading account and a Demat account with a broker who is registered with SEBI. Many brokers allow customers to open accounts online via their websites or applications. Angel One, Upstox, Groww, HDFC Securities, ICICI Direct, and Zerodha are well-liked choices. Choose a Silver ETF Program Choose a silver exchange-traded fund (ETF) based on your risk tolerance and investing objectives. ICICI Prudential Silver ETF, Nippon India Silver ETF, HDFC Silver ETF, and others are popular silver ETFs in India. ETFs may be compared using criteria like as tracking inaccuracy, historical performance, and expense ratios. Place a Purchase Order Open the trading app or platform of your broker and log in. Use the name or symbol of the selected silver ETF to search for it. Put in a purchase order and indicate how many units you wish to buy. The order will be completed at the current market pricing during business hours. Silver ETFs provide real-time pricing and liquidity and are traded on stock exchanges just like ordinary stocks. Monitor the performance of prices using the app for your broker or financial websites such as Moneycontrol or NSE (National Stock Exchange). The ETF units will be credited to your demat account upon order execution. Similar to stocks, you can purchase and sell silver ETF units at any time during business hours. Silver ETFs are an excellent choice if you desire low investment thresholds, portfolio diversity, and exposure to silver without the difficulties of storage. With silver ETFs, you can easily track silver prices without having to deal with the inconveniences of handling real silver. Silver ETFs have the potential to be a valuable tool for portfolio diversification due to their ease of investing, purity certification, and liquidity. However, consider market conditions, expense ratios, and investment goals before purchasing silver ETFs in India. view comments First Published: July 14, 2025, 18:35 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
18 hours ago
- Business
- Mint
Sebi flags expiry-day derivatives surge as retail losses top ₹1 trillion
Mumbai: A senior official at India's markets regulator has raised red flags over the surge in short-term equity derivatives trading, particularly expiry-day index options, warning that the current structure may be unsustainable and detrimental to long-term capital formation. The Securities and Exchange Board of India (Sebi) has been closely tracking the exponential rise in such activity, which has been accompanied by significant losses for retail investors. At the 11th Capital Markets Conclave of Confederation of Indian Industry (CII) in Kolkata on Thursday, Sebi's whole-time member Ananth Narayan G said the regulator is focused on balancing innovation with investor protection. 'There is no question that derivatives and indeed, speculation are vital for price discovery, hedging, and ensuring market depth. But certain trends in our equity derivatives ecosystem have warranted a closer look for a while now,' Narayan told the gathering. He flagged a stark imbalance in market activity: 'On expiry days, comparable turnover in index options is often 350 times or more the turnover in the underlying cash market—an imbalance that is obviously unhealthy, with several potential adverse consequences.' Narayan cited Sebi's latest research report, released on 7 July, which found that 91% of individual traders incurred net losses trading in futures and options (F&O) in FY25, with total losses exceeding ₹ 1 trillion. 'This is a large sum of money that could have otherwise gone towards responsible investing and capital formation,' he said. The regulatory focus on expiry-day option trading comes in the wake of Sebi's recent action against US-based quant trading firm Jane Street. On 3 July, Sebi barred the firm from accessing the securities market for deploying what it described as manipulative trading strategies around index options expiry, directing it to deposit ₹ 4,800 crore—the alleged unlawful gains—into a Sebi escrow account. Jane Street has since complied with the directive, paving the way for a potential resumption of trading in India, subject to Sebi's review. The regulator is currently assessing the firm's request. While Narayan did not refer to Jane Street by name, his remarks appeared to echo broader regulatory concerns: 'noise trading that may potentially undermine confidence in price formation' and 'unhealthy' market structures. Narayan also drew attention to possible conflicts of interest: 'We recognize the potential concerns of market infrastructure institutions, brokers, and other intermediaries, whose revenues may depend heavily on these short-term derivative volumes. But we must ask ourselves collectively – is all this at all sustainable?' Sebi has introduced a series of regulatory measures since October 2024 aimed at tempering speculative excesses. 'We are seeing some signs of moderation of the trends noted above. However, this specialized area requires ongoing constructive debate and work,' Narayan said. That October, the regulator reduced the frequency of weekly expiries, increased contract lot sizes, scrapped calendar spread benefits on expiry day, implemented intraday position checks, mandated upfront collection of option premia, and raised extreme loss margins on expiry days. In May 2025, Sebi followed up with measures to improve risk metrics and disclosures in F&O, reduce instances of spurious F&O ban periods in single stocks, and strengthen oversight of index options to mitigate potential concentration or manipulation risks. Fresh data from Sebi's 7 July study, based on individual trading activity between December 2024 and May 2025, shows early signs of cooling. In FY25, turnover by individual investors in index options declined 9% year-on-year in premium terms and 29% in notional terms. The number of unique retail participants in the derivatives market also fell 20% from last year's record highs, suggesting a slowdown in the speculative frenzy that had drawn millions of new entrants. Looking ahead, Narayan called for deeper market engagement: 'We must look for further ways to further deepen our cash equities markets, even as we look to improve the quality of our derivatives market by extending the tenure and maturity of the products and solutions on offer.'
Mint
20 hours ago
- Business
- Mint
Sebi flags expiry-day derivatives surge as retail losses top ₹1 trillion
Mumbai: A senior official at India's markets regulator has raised red flags over the surge in short-term equity derivatives trading, particularly expiry-day index options, warning that the current structure may be unsustainable and detrimental to long-term capital formation. The Securities and Exchange Board of India (Sebi) has been closely tracking the exponential rise in such activity, which has been accompanied by significant losses for retail investors. At the 11th Capital Markets Conclave of Confederation of Indian Industry (CII) in Kolkata on Thursday, Sebi's whole-time member Ananth Narayan G said the regulator is focused on balancing innovation with investor protection. 'There is no question that derivatives and indeed, speculation are vital for price discovery, hedging, and ensuring market depth. But certain trends in our equity derivatives ecosystem have warranted a closer look for a while now,' Narayan told the gathering. He flagged a stark imbalance in market activity: 'On expiry days, comparable turnover in index options is often 350 times or more the turnover in the underlying cash market—an imbalance that is obviously unhealthy, with several potential adverse consequences.' Narayan cited Sebi's latest research report, released on 7 July, which found that 91% of individual traders incurred net losses trading in futures and options (F&O) in FY25, with total losses exceeding ₹ 1 trillion. 'This is a large sum of money that could have otherwise gone towards responsible investing and capital formation,' he said. The regulatory focus on expiry-day option trading comes in the wake of Sebi's recent action against US-based quant trading firm Jane Street. On 3 July, Sebi barred the firm from accessing the securities market for deploying what it described as manipulative trading strategies around index options expiry, directing it to deposit ₹ 4,800 crore—the alleged unlawful gains—into a Sebi escrow account. Jane Street has since complied with the directive, paving the way for a potential resumption of trading in India, subject to Sebi's review. The regulator is currently assessing the firm's request. While Narayan did not refer to Jane Street by name, his remarks appeared to echo broader regulatory concerns: 'noise trading that may potentially undermine confidence in price formation' and 'unhealthy' market structures. Narayan also drew attention to possible conflicts of interest: 'We recognize the potential concerns of market infrastructure institutions, brokers, and other intermediaries, whose revenues may depend heavily on these short-term derivative volumes. But we must ask ourselves collectively – is all this at all sustainable?' Sebi has introduced a series of regulatory measures since October 2024 aimed at tempering speculative excesses. 'We are seeing some signs of moderation of the trends noted above. However, this specialized area requires ongoing constructive debate and work,' Narayan said. That October, the regulator reduced the frequency of weekly expiries, increased contract lot sizes, scrapped calendar spread benefits on expiry day, implemented intraday position checks, mandated upfront collection of option premia, and raised extreme loss margins on expiry days. In May 2025, Sebi followed up with measures to improve risk metrics and disclosures in F&O, reduce instances of spurious F&O ban periods in single stocks, and strengthen oversight of index options to mitigate potential concentration or manipulation risks. Fresh data from Sebi's 7 July study, based on individual trading activity between December 2024 and May 2025, shows early signs of cooling. In FY25, turnover by individual investors in index options declined 9% year-on-year in premium terms and 29% in notional terms. The number of unique retail participants in the derivatives market also fell 20% from last year's record highs, suggesting a slowdown in the speculative frenzy that had drawn millions of new entrants. Looking ahead, Narayan called for deeper market engagement: 'We must look for further ways to further deepen our cash equities markets, even as we look to improve the quality of our derivatives market by extending the tenure and maturity of the products and solutions on offer.' He emphasized the need for a balanced approach: a 'win-win' that supports sustained capital formation while ensuring sustainable revenue streams for all stakeholders.
Mint
21 hours ago
- Business
- Mint
Sebi tells portfolio managers to regularly monitor social media such as Telegram, Whatsapp, Instagram? Here is why
The capital markets regulator Securities and Exchange Board of India (Sebi) has issued a new master circular for portfolio managers. The latest circular now supersedes the earlier one dated June 7, 2024. The latest master circular dated July 16, 2025 lists out a number of do's and dont's for portfolio managers. Among a myriad of diktats, one pertinent thing which has been highlighted revolves around the social media. Amid a growing menace of social media channels soliciting funds from the subscribers and followers, Sebi – via this master circular – has cautioned the portfolio managers and told them to stay vigilant and monitor social media channels regularly in order to identify the persons or groups which claim to be registered portfolio managers or else, misuse the names of concerned portfolio managers to tempt the investors for making an investment. 'Based on this continuous monitoring of such entities, concerned Portfolio Manager should promptly take appropriate actions including issuing a press release / public notice, filing FIR etc. to ensure that such entities / groups are prevented from misusing names of such Portfolio Manager,' reads the circular. Sebi mentioned in the master circular that it has been brought to its notice that there are some persons who impersonate as Sebi registered portfolio managers on Telegram, WhatsApp groups or Instagram groups, thereby misleading the investors to defraud them. These persons may be soliciting funds from the investors and claiming to provide investment advisory services by claiming to be registered portfolio managers. The master circular also mentions that the portfolio manager will segregate each client's funds and portfolio of securities and keep them separately from his own funds and securities and be responsible for safekeeping of clients' funds. It is further clarified that portfolio managers may keep the funds of all clients in a separate bank account maintained by the portfolio managers subject to the following conditions. I. There shall be a clear segregation of each client's fund through proper and clear maintenance of back office records. II. Portfolio Managers shall not use the funds of one client for another client. III. There will be an accounting system containing separate client-wise data and give a statement to clients for such accounts on a monthly basis. IV. Portfolio managers will reconcile the client-wise funds with the funds in the bank account on a daily basis. For all market related articles, visit here
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Business Standard
a day ago
- Business
- Business Standard
Short-term derivatives eroding capital formation: Sebi's Ananth Narayan
Short-term derivatives are dominating the domestic equity derivatives landscape, which could have adverse consequences, warned Ananth Narayan G, Whole-Time Member (WTM), the Securities and Exchange Board of India (Sebi), on Thursday. Speaking at the CII Markets Conclave, the Sebi official said, 'Unlike longer term derivatives, short-term derivative products such as expiry day trading in index options may detract from capital formation.' While acknowledging that derivatives are vital for price discovery, hedging, and market depth, Narayan said that certain trends in the ecosystem have warranted a closer look by the regulator. Sebi is considering measures to extend the tenure and maturity of equity derivatives and to boost cash market turnover to mitigate speculative short-term contracts. His comments come against the backdrop of several measures by the market regulator to limit frenzy in the futures and options (F&O) segment, including curbs on the number of weekly index expiries—pushing volumes to monthly contracts. This, in part, has been triggered by high-frequency trading firms, known to take aggressive bets on the market. The tightening of derivatives trading rules, starting November 2024, has hit volumes on the indices of both exchanges, and in turn, impacted revenues of stock brokers. 'We recognise the potential concerns of market infrastructure institutions, brokers, and other intermediaries, whose revenues may depend heavily on these short-term derivative volumes. But we must ask ourselves collectively—is all this at all sustainable?' asked Narayan. The WTM said that expiry day option trading increases market volatility and could lead to noise trading that may potentially undermine confidence in price formation. The turnover in index options is often 350 times or more the turnover in the underlying cash market, creating an imbalance, noted Narayan. A Sebi study recently revealed that nine out of every ten individual traders in the F&O segment ended fiscal 2025 with losses totalling ₹1.01 trillion. The regulator said the staggering retail losses were 'a large sum of money that could have otherwise gone towards responsible investing and capital formation,' and added that the current structure 'is not sustainable for any stakeholder.' The market regulator has also initiated a comprehensive survey of investors—covering 90,000 households—on their risk awareness. Based on the findings, Sebi will design a large-scale targeted outreach programme in different languages. Narayan also addressed rising digital frauds, sharing that Sebi is collaborating with exchanges and mutual fund bodies on an outreach initiative to address issues of 'fly-by-night' unregistered fraudsters hoodwinking savers with promises of assured high returns.
