InvestorQ : Who are all the intermediaries that constitute the capital markets in India?
Dia Deshpande made post

Who are all the intermediaries that constitute the capital markets in India?

Answer
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Ria Jain answered.
1 year ago


There are a number of intermediaries in the market with their own role. Here is a list of intermediaries with their contribution pattern over the years. They are all regulated by SEBI in each of the cases.

SEBI Registered Market Intermediaries

Market Intermediaries

2010- 11

2011- 12

2012- 13

2013-14

2014-15

2015-16

2016-17

Apr 16-Dec 16

Apr 17-Dec 17

1

2

3

4

5

6

7

8

9

10

Stock Exchanges (Cash Market)

19

19

19

16

15

5

5

5

5

Stock Exchanges (Derivatives Market)

2

2

3

3

3

3

3

3

3

Stock Exchanges (Currency Derivatives)

4

4

4

4

3

3

3

3

3

Stock Exchanges (Commodity Derivatives Market)

Na

Na

Na

Na

Na

12

10

12

9

Brokers(Cash Segment)

9,235

9,307

10,128

9,411

5,899

3,199

3,192

3,183

3,202

Corporate Brokers(Cash Segment)

4,563

4,672

5,113

4,917

3,677

2,780

2,775

2,769

2,788

Brokers(Equity Derivatives)

2,301

2,337

2,957

3,051

2,761

2,760

2,651

2,670

2,668

Brokers(Currency Derivatives)

1,894

2,173

2,330

2,395

2,404

1,985

1,985

1,985

2,310

Brokers(Debt Segement)

Na

Na

Na

Na

Na

Na

6

6

142

Brokers (Commodity Derivatives)

Na

Na

Na

Na

Na

295

1,162

1,123

1,204

Sub-brokers(Cash Segment)

83,952

77,165

70,178

51,885

42,409

34,942

30,610

31,605

25,642

Foreign Institutional Investors

1,722

1,765

1,757

1,710

Na

Na

Na

Na

Na

Sub-accounts

5,686

6,322

6,335

6,344

Na

Na

Na

Na

Na

Foreign Portfolio Investors (FPIs)

Na

Na

Na

Na

1,444

4,311

7,807

6,833

9,042

Deemed FPIs

Na

Na

Na

Na

6,772

4,406

974

1,946

0

Custodians

19

19

19

19

19

19

19

19

19

Depositories

2

2

2

2

2

2

2

2

2

Depository Participants - NSDL

293

287

288

281

282

273

276

277

276

Depository Participants - CDSL

544

567

577

578

572

585

588

586

590

Merchant Bankers

192

200

199

197

197

189

189

188

188

Bankers to an Issue

55

56

57

59

60

62

64

63

65

Underwriters

3

3

3

3

2

2

2

2

1

Debenture Trustees

29

32

32

31

32

31

32

32

32

Credit Rating Agencies

6

6

6

6

6

7

7

7

7

KYC Registration Agency (KRA)

Na

Na

5

5

5

5

5

5

5

Venture Capital Funds

184

207

211

207

201

200

198

198

196

Foreign Venture Capital Investors

153

175

182

192

204

215

218

215

220

Alternative Investment Funds

Na

Na

42

101

135

209

303

280

364

Registrars to an Issue & Share Transfer Agents

73

74

72

71

72

71

73

73

73

Portfolio Managers

267

250

241

212

188

204

218

217

261

Mutual Funds

51

49

52

50

47

48

45

45

45

Investment Advisors

Na

Na

Na

129

271

427

577

518

817

Research Analysts

Na

Na

Na

Na

26

261

351

337

456

Infrastructure Investment Trusts (InVIT)

Na

Na

Na

Na

Na

Na

6

6

1

Real Estate Investment trusts(REITs)

Na

Na

Na

Na

Na

Na

Na

Na

6

Collective Investment Management Company

1

1

1

1

1

1

1

1

1

Approved Intermediaries (Stock Lending Schemes)

2

2

2

2

2

2

2

2

2

STP (Centralised Hub)

1

1

1

1

1

1

1

1

1

STP Service Providers

2

2

2

2

2

2

2

2

2