SEBI Annual Report 2018–Quick Notes

Link to the SEBI annual report - https://www.sebi.gov.in/reports/annual-reports/aug-2018/annual-report-2017-18_39868.html 

  • FPI portfolio: Top 40 stocks Forty stocks account for 74% of FPIs’ equity portfolios in India
  • Mutual fund portfolio: Top 40 stocks Forty stocks account for 63% of MFs’ equity portfolios in India
  • LIC portfolio: Top 40 stocks Forty stocks account for 83% of LIC’s equity portfolio in India
  • Of the 223 issues, 216 were from the private sector which raised ` 68,870 crore compared to 118 issues that raised ` 31,683 crore in 2016-17.
  • In the cash segment, the turnover at NSE increasedby 43.1 per cent during 2017-18 compared to 19.3 per cent growth in the previous year. The turnover of BSE too increased by 8.5 per cent during 2017-18 compared to 34.9 per cent growth in the previous year.
  • The turnover of all stock exchanges in the cash segment increased by 37.4 per cent to ` 83.2 lakh crore in 2017-18 from ` 60.5 lakh crore in the previous year.
  • Of the aggregate turnover, NSE accounted for 87 per cent of the total turnover and BSE accounted for 13 per cent of the total turnover.
  • Over the years, index options have emerged as the most traded instrument in the Indian derivatives market. During 2017-18, the share of index options in total turnover at NSE increased further to 81.8 per cent from 77.1 per cent in the previous year.
  • So far, under mass media campaign, more than 67,980 TVCs, around 2, 25,040 radio spots, over 5,200 insertions in various print editions, around 962 screens in cinema halls were covered under the campaign. Further, around 53 crore bulk SMSes in various languages were sent cautioning investors against Ponzi schemes/unregistered CIS
  • During 2017-18, the total amount of fees and other charges received was ` 624.44 crore (audited) as against ` 518.75 crore in 2016-17 (audited). The recurring fee was 48.90 percent in 2017-18 as compared to 60.70 percent in 2016-17 of the total fee collected. During the year 2017-18, the largest recurring fee of ` 78.00 crore was collected from Derivatives Members registration followed by ` 40.82 crore collected from Stock Brokers and Sub- Brokers. In non-recurring fee category, the highest fee was collected from Offer Documents and prospectuses filed (` 112.24 crore) followed by Buy Back of Share (` 106.12 crore) and Takeover Fees (` 29.70 crore).
  • As on March 31, 2018 the total number of employees in various grades is 794 (including employees on deputation/ contract), out of which 698 employees are officers and 96 employees comprise secretaries and other staff. The male and female composition is 527 and 267, respectively.

There is a very long section on SEBI orders which is very interesting to see actions taken and how much time it takes.

Some more snapshots from the report

  • Mumbai continues to be the leader in turnover.

Mumbai Rocks

  • Free Float Market Cap at 45% of total market cap.

Free Float Market Cap

  • Only 3121 stocks trade for more than 100 days.. No of listed maybe 5200.
  • Only 1730 stocks have traded from more than 100 days regularly on NSE.

Trading Frequency

  • CDSL catching up in terms of investor accounts but value-wise NSDL is way above.

NSDL CDSL

  • CDSL leads in geographical spread of DP locations.

Geographical Spread

  • Options share increasing. But its due to calculation on notional value of the contract.

Index Futures to Derivatives

  • Good increase in AUM and no of clients in PMS.

Portfolio Managers

  • AIFs picking up big time.

AIF

  • Not a major jump in FPIs

Intermediaries

  • USA followed by Mauritius on in Assets Under Custody

AUC FPIS

  • No of SME listings are ramping up in a very big way.

SME listings

  • Market cap is still small.

SME capital raising

  • Pending actionable grievances being reduced at a great rate.

SEBI grievancesSEBI pending grievances

  • Sub Brokers reducing !!

Sub BrokersPortfolio Managers RIA RA

  • Given the high networth requirements doubt no of MFs are going to grow anytime soon.

No of Mutual Funds

  • Way too much surveillance ?

Surveillance Measures

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