ANMI urges SEBI to focus on investor education, eligibility norms

Amid increasing fig of investors losing successful Future & Option (F&O) and talks afloat to trim the expiry days, the Association of National Exchanges Members of India (ANMI) has written to the Securities and Exchange Board of India (SEBI), urging that capitalist acquisition and eligibility norms should instrumentality precedence implicit merchandise restrictions specified arsenic changes to expiry dates successful derivatives contracts.

In its submission to SEBI Chairman Tuhin Pandey, the relation has lauded his caller reassurance that “current certainty is that play F&O is on.” and welcomed Finance Minister Nirmala Sitharaman’s telephone to found Trading Academies nationwide to boost capitalist capability.

ANMI has emphasised that sustainable simplification successful retail capitalist losses tin lone travel from structured grooming and awareness. 

“Regulation tin physique guardrails, but lone cognition builds resilience,” the relation said, adding that tinkering with merchandise structures specified arsenic varying expiry days of indices similar Nifty 50, Sensex, oregon Nifty Bank would not code the underlying contented of inadequate capitalist understanding.

Citing SEBI’s March 2025 report, ANMI noted that 91% of idiosyncratic traders suffered nett losses successful FY 2025, with aggregate losses widening by 41% year-on-year to ₹1.05 lakh crore. 

“While trading volumes grew, cognition and risk-awareness did not,” it said. 

“Establishing thousands of specified academies crossed India indispensable beryllium treated arsenic a nationalist priority,” said K Suresh, National President, ANMI successful the letter. 

Adding position connected the taste and intelligence barriers facing Indian investors, Vijay Sardana, a techno ineligible adept and Independent Director connected assorted Boards & Member of Expert Committee, said, “As India’s fiscal markets grow and go much complex, the perfect mode to trim trading losses of idiosyncratic investors and traders is by educating them astir the superior markets.”

“The regulator indispensable springiness impetus to academies which tin impart cognition connected trading. SEBI should see issuing guidelines and regulating Trading Academies to guarantee credible, ethical, and high-quality fiscal education,” helium said.

“With wide standards, certified trainers, and monitored content, India tin curb misinformation, support caller investors, and importantly amended fiscal literacy among the masses, empowering citizens to marque informed and liable fiscal decisions,” helium added.

According to the SEBI Investor Survey 2025, lone 36% of existing investors person adjacent mean to precocious cognition of marketplace concepts, portion two-thirds show debased fiscal literacy. 

The survey besides recovered that less than 1% of respondents person ever attended an investor-education programme, though 70% of those who did recovered it useful.

On these findings, ANMI has projected that SEBI recognise and license “Trading Academies” (TA) connected the lines of Research Analysts (RA) and Investment Advisers (IA). 

Such academies, it said, could present multilingual, tiered grooming programmes to divers capitalist groups from first-time traders to precocious participants ensuring they grasp some accidental and hazard earlier entering the markets, it said.

Calling for a “balanced and education-driven” approach to reform, ANMI urged SEBI to reconstruct play derivative contracts connected Bank Nifty, adjacent for organization investors, and to formally recognise Trading Academies to institutionalise capitalist education.