Markets regulator Sebi has revised upwards its total revenue forecast for the current fiscal by around 9% to Rs 536.75 crore, anticipating higher-than-expected income from fees and investments.
The higher fee income is expected from foreign portfolio investors, brokers and research analysts, although the total fee from mutual funds is expected to be lower than earlier estimated budgeted by the Securities and Exchange Board of India (Sebi).
Besides, Sebi is also expecting its fee income to get a boost from the application and other fees from commodity brokers and commodity exchanges due to the FMC merger with it.
In the mid-term review of its budget estimates for the financial year 2015-16, Sebi said "the total income for the year 2015-16 is estimated to be at Rs 536.75 crore as against budgeted estimates of Rs 493.50 crore, representing a overall upward surge of Rs 43.25 crore (around 9%)".
