Stories
India Retail Investing Boom Far Bigger Than Official Data Reveals SEBI Study
M
Moneycontrol•13-10-2026, 21:53
India Retail Investing Boom Far Bigger Than Official Data Reveals SEBI Study
- •A new SEBI study reveals that India's post-pandemic retail investing boom is significantly larger than previously understood, with household wealth in markets reaching Rs 141.34 lakh crore by FY25.
- •Official savings data by RBI and MoSPI previously undercounted securities market flows by relying on estimations that excluded secondary markets, preferential equity issues, and private debt placements.
- •Using a revised data-driven methodology based on actual depository and exchange transactions, household savings via capital markets touched Rs 6.91 lakh crore in FY25.
- •Despite surging participation, net household investments in the secondary equity market remained negative at -Rs 54,786 crore in FY25, indicating households actively booked profits.
- •Primary market mutual fund inflows jumped sharply from Rs 1.66 lakh crore in FY23 to Rs 5.13 lakh crore in FY25, highlighting a shift towards systematic and diversified investing.
Key Questions Answered
A SEBI study revealed that India's retail investing boom is much larger than previously recorded, with household savings routed through the securities market touching Rs 6.91 lakh crore in FY25. The revised methodology lifted India's gross savings-to-GDP ratio by 47 basis points in FY25.
Earlier national savings data relied on narrow estimations, such as tracking only 35 percent of public equity issuances and 40 percent of public debt, while omitting secondary markets, REITs, InvITs, and private placements.
According to the SEBI study, total household financial assets held in securities markets stood at Rs 141.34 lakh crore by FY25. Equities made up Rs 89 lakh crore of this total, while mutual fund holdings accounted for Rs 44.4 lakh crore.
