The study also found that the share of loss-makers increased to 80 percent for traders with very frequent (more than 500 trades in a year) trading activity.
Average number of trades by loss-makers was higher than the profit makers, said the study.
More than seventy percent of individual investors in the equity cash segment incurred losses in FY23, a study conducted by capital markets regulator Sebi found.
The study has been peer reviewed by academia, brokers and market experts.
In a press statement issued on July 24, the Securities and Exchange Board of India (Sebi) said that the number of individuals who were participating in intraday trading in the equity cash segment in FY23 shot up by 300 percent from the number seen in FY19.
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