Nilesh Shah bats for minimum qualifying criteria for F&O trading after Maharashtra man kills family, self over Rs 1.8 cr loss

Kotak AMC MD Nilesh Shah and NSE CEO Ashishkumar Chauhan have called for mandatory minimum qualifying criteria for derivatives trading, following a tragedy where a Maharashtra man killed his family and himself after losing Rs 1.8 crore in F&O. SEBI data shows retail traders' F&O losses surged 41% to Rs 1.05 lakh crore in FY25 from Rs 74,812 crore in FY24, with 91% of retail traders losing money. The government has already doubled STT on futures and raised levies on options by up to 50% in Budget 2026 to deter excessive speculation.