In accordance with SEBI Circular SEBI/HO /MIRSD/MIRSD-PoD-1/P/CIR/2023/73, kindly refer below Risk Disclosure on

Derivatives while trading in derivatives segment.
RISK DISCLOSURES ON DERIVATIVES

• 9 out of 10 individual traders in equity Futures and Options Segment, incurred net
  losses.
• On an average, loss makers registered net trading loss close to ₹ 50,000.
• Over and above the net trading losses incurred, loss makers expended an additional
  28% of net trading losses as transaction costs.
• Those making net trading profits, incurred between 15% to 50% of such profits as
  transaction cost.

Source:
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in
equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual
Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.