Questionnaire for Investors - Equity

Derivatives Market in India

1. Name of the Investor
2. Gender
Male Female

3. Age (in years)
18 25 Years
46 - 55 Years
26 - 35 Years
55 - 65 Years
36 - 45 Years
Above 65 Years

4.Place of Residence
5.State of Residence
6. Highest Education (please appropriate box)
10th Std
Post graduate
12th std
Doctorate

7. Experience in Equity Derivatives Market (please only one which is
applicable)
Zero days to 1 Year
More than 2 Years but less than 5
Years
More than 10 Years
More than 1 Year but less than 2
Years
More than 5 years but less than 10
Years
*
8. What kind of Category of investor would you fall in
Retail
High Net-worth Individual (HNI -
income above 25 lacs)
NRIs
Indian Corporates (Pvt Ltd Co, Ltd Co
etc)
Foreign Institutions (FII, Sub-Account,
OCBs)
MFs, Banks, Insurance Companies,
Other Financial Institutions


9. What is the Income Range you will fall in
Upto Rs. 1 lac
Rs. 10,00,001 - Rs. 15
lacs
Rs. 1,00,001 - Rs. 5
lacs
Rs. 15,00,001 - Rs. 25
lacs
Rs. 5,00,001 - Rs. 10
lacs
Above Rs. 25 lacs
*
10. Please enter the Occupation details
Service
Business
Professional
Agriculturist
Retired
Housewife
11. Have you undergone any training in derivatives from NSE, BSE or
Broking Firms before starting trading in equity derivatives?
YES NO
*
12. Do you think only investors who had undergone some training in
derivatives should be allowed to trade in the derivatives market
YES NO

13. You invest in which Derivatives Markets (please tick all applicable
below)
Equity Currency Commodity

14. Please provide your preference to the type product in Equity
Derivatives (Tick the most preferred product type - only one tickmark
is accepted here)
Index Futures
Stock Futures
Index Options
Stock Options

15. What periodicity of contracts do you normally prefer to invest in?
(Please tick only one most appropriate)
Contracts expiring in 1
Month
Contracts expiring in 12
Months
Contracts expiring in 1
Contracts expiring in 6
Months
Contracts expiring in 9
Months
Contracts expiring in 3
Contracts expiring in 2
Months
Contracts expiring in 3
Months
Do not invest due to
to 3 Years
I do not invest in
Securities Market at all
to 5 Years
Do not invest since I
consider investing in
derivatives is risky
lack of knowledge of
derivatives

16. Which of the following characterizes your trading activity in the
equity derivatives segment (you can slect more than one option here)
Hedging Speculation Arbitrage

17. Strategies used for such investments (tick one or more of the
following)
Straddle
Strangle
Protective put buying
Protective call buying
General Equity Derivatives Trading
(No specific Strategy used)
Covered call writing
Collar
Covered put writing
Reverse Collar
More than one strategy used at some
point or other

18. Minimum contract size value is Rs. 2 lacs. Do you think there
should be reduction in contract size for stock and index derivatives
contracts to get larger participation?
YES NO

19. Today, minimum contract size value is Rs. 2 lacs. What range of
contract size (in terms of contracts value) would be appropriate for
futures contracts?
Upto Rs. 10,000/-
Rs. 10,001/- to Rs. 50,000/-
Rs. 50,001/- to Rs. 1,00,000/-
1,00,001/- to 2,00,000/-
2,00,001/- to 4,00,000/-
Above Rs. 4,00,001/-


20. Which risk is of most concern in the equity derivative market to
you today?
Systematic risk
Market Risk/Price risk/Potential Loss
Risk
Liquidity Risk
Operational Risk
Legal Risk
Settlement risk
Credit Risk/Counterparty Default risk

21. What do you think about the growth of the trading in Equity
Derivatives Segment in India since its start in 2000
Grew at very fast pace
Growth was moderate
Growth was slow
Did not grow much

22. Do you think the margins charged in Indian Market are excessive
YES NO

23. Do you think market is ripe now for other complex products in
derivatives like exotic derivatives, structured products, ETF
derivatives, interest rate options etc
YES NO

24. Should these complex products be opened for participation from
banks, financial institutions, FIIS, sub-accounts, Mutual funds,
insurance companies etc. and not to retail clients?
YES NO

25. Do you think both the exchanges should start the physical
delivery settlement for equity derivatives?
YES NO

26. Any comments, suggestions and feedback