SEBI has issued a Working Paper on Household Savings through Indian Securities Market. The working group seeks to study and revise the following methodology followed by RBI for compilation of household savings through securities markets:
- Resource Mobilization (Flow)Segments considered by RBI for the flow computationare Equity, Debt and Mutual Funds. Data on resource mobilized through Equity and Debt is sourced from the SEBI Monthly Bulletin. To arrive at the households’ investments, RBI imputes 35 per cent of the primary market issuance in equity, covering IPO(including OFS), FPO & Rights and 40 per cent of public issuance of debt, respectively as being mobilized from Individuals and HUFs. Investment of households in actuals into the Mutual Funds are obtained from SEBI and are being used in the computation since FY 2018-19.
- Holding Data (Stock): For arriving at the asset value of the households, only the Assets Under Management (AUM) in mutual funds by High Net worth Individuals and Retails are considered. The source for the data is category-wise AUM published by the Association of Mutual Funds of India.
- Changes proposed to the computation methodology Three sets of changes are proposed to the computation methodology: firstly, regarding the category of investors, secondly, regarding the instruments that such investor categories participate in, and thirdly, the components proposed for inclusion that are absent in the existing methodology.
