SEBI Released Annual Accounts for 2023-24: Total Income Rose 48% YoY

The capital market regulator, the Securities and Exchange Board of India (SEBI) released its annual accounts for 2023-24, whereby, the total income of the regulator surged by 48% YoY to ₹2,075 crore. The growth in total incomes was backed by higher earnings from fees and subscriptions.

Out of the total income, SEBI earned ₹1,851.5 crore from fees, significantly higher than ₹1,213.22 crore in the previous financial year. Income from investments rose to ₹192.41 crore from ₹161.42 crore, while other income increased to nearly ₹18 crore, up from around ₹15 crore.

SEBI’s Income Sources

SEBI noted that fees and subscriptions are its primary income sources, including earnings from annual fees, and subscriptions. These include fees from stock exchanges and income generated from the registration, renewal, and filing of application and offer documents by companies and market infrastructure institutions.

Overall, SEBI’s total income grew by 48%, reaching ₹2,075 crore for the financial year ending March 31, 2024, up from ₹1,404.36 crore in the previous fiscal year, according to the annual accounts.

Along with the rise in income, SEBI’s total expenditure increased to ₹1,006 crore for the year ended March 31, 2024, from ₹851.33 crore the previous year. Establishment expenses rose to ₹696.43 crore from ₹576 crore, while other administrative expenses grew to ₹218 crore from ₹172.42 crore.

SEBI reported a closing balance of ₹5,573 crore in its general fund, which includes ₹1,065 crore as surplus income over expenditure from the 2023-24 financial year. Earmarked funds include the Investor Protection & Education Fund (IPEF) and the Disgorgement Fund.

IPEF Overview

As of FY24, the IPEF had a closing balance of ₹533.17 crore, which included ₹27.66 crore from investments. The Disgorgement Fund had a balance of ₹7.38 crore.

SEBI’s total investments amounted to ₹2,521.23 crore, with ₹1,255.31 crore invested in bonds and government securities, ₹1,235.92 crore placed in deposits with scheduled banks, and ₹30 crore subscribed to the NCFE. Earmarked funds (IPEF and Disgorgement Fund) amounted to ₹482 crore in bank deposits.

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