Whalesbook
Dekho, NSE par 24 crore se zyada accounts hain, par asli mein trading karne wale kam ho gaye hain. FY26 mein Zerodha ke active clients 12.62% kam hue, Upstox ke 27.64% aur Motilal Oswal ke 11.14%. Overall, NSE par active accounts March 2026 mein 4.57 crore ho gaye, jo pehle 4.92 crore the. Matlab accounts kholna easy hai, par logon ko active rakhna mushkil!
Aur ye log kyun jaa rahe hain? Sabse bada reason hai derivatives mein ho raha nuksaan. FY25 mein, 10 mein se 9 retail traders ne F&O mein paisa gawaya hai. Is baar toh equity derivatives mein individual traders ka net loss 41% badh kar ₹1.06 lakh crore ho gaya! Ye losses, especially naye traders ke liye, itne bade hain ki woh permanent exit le rahe hain.
Iske alawa, SEBI ke naye rules bhi thoda trouble kar rahe hain. Unhone derivatives mein speculative trading kam karne ke liye steps uthaye, jaise contract size badhana aur weekly expiry kam karna. Par isse market mein liquidity kam ho gayi aur buy-sell price ka difference (spread) badh gaya. Simple bhasha mein, traders ke liye annual transaction costs badh gaye hain aur market thoda difficult ho gaya hai, khas kar kam paisa lagane walon ke liye.
India mein trading apps aur account opening toh super fast aur easy ho gaya hai. Par kya logon ko market ka utna hi knowledge hai? Nah! Research bataati hai ki bahut se adults ko basic finance ki samajh hi nahi hai. Is gap ki wajah se log overconfident ho jate hain, crowd ko follow karte hain aur phir speculation mein nuksaan kar baithte hain. 2025 mein dekha bhi gaya tha ki direct equity se retail investors ne paisa nikala, jabki mutual funds mein inflows badhe. Isse lagta hai ki log managed investments ki taraf shift ho rahe hain.
Future ki baat karein toh India ki economy toh strong grow karne wali hai, Nifty 50 bhi badh sakta hai (Kotak Securities ke hisab se 12-23%). Par retail investors ke liye rasta abhi bhi mushkil hai. Lagta hai ye direct equity se mutual funds ki taraf shift hone ka trend continue karega. Brokers bhi ab existing users ko retain karne par focus kar rahe hain. Asli challenge ye hai ki advanced trading tech aur basic financial education ke beech ka gap kaise bhara jaaye, taaki log sirf speculative trading na karein, balki long-term investing karein.