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SEBI has proposed to include investments in AIFs, REITs and InvITs in the data published by RBI and Ministry of Statistics and Programme Implementation (MoSPI) on the household savings generated through various segments.
The regulator aims to fully capture the savings of households through the Indian security markets. Here are some key highlights of SEBI’s proposal:
- The investments made by NPISHs (Non-Profit Institutions Serving Households) be also included in the household savings data. NPISHs include non-profit service providers like hospitals, higher education institutions, schools, environmental groups and social service providers, non-government organizations, arts and culture organizations, political parties, social clubs, business and professional associations, religious congregations etc
- Actual investment amount in equity and debt instruments in primary and secondary markets to be included in the data. Presently, 35% of total equity investments and 40% of total debt instruments in primary markets are considered by RBI to arrive at household holdings
- In addition to the net flows in the mutual funds, net flows of ETF transactions in the secondary market should also be included in household savings data
- Actual amount of investment in REITs and InvITs in the primary and secondary markets to be taken in the data. Presently, investment in both products are not being considered
- Data of investments in AIFs to be taken from 2024-25
- Stock holding data of equity, debt, REITs, InvITs and MF AUM of investment by NPISHs will also be included in the data
