MUMBAI, June 19 -- The Securities and Exchange Board of India (Sebi) is preparing another study on India's derivatives market, extending a series of reports that have tracked mounting losses among retail investors.

"The study is currently undergoing. We expect to release it in July," Sebi chairman Tuhin Kanta Pandey said at a press conference following the regulator's board meeting on Friday.

Mint reported in April that Sebi had sought the latest quarterly profit-and-loss (P&L) statements of clients from leading brokerages to assess the full-year financial impact of equity derivatives trading on individual investors.

The regulator relied on similar data for two earlier studies, published in September 2024 and July 2025, which analysed ...