Groww executive says derivatives demand is resetting after FY25 regulatory shakeups

Equity derivatives participation dipped, but usage may surge

Groww’s Ishan Bansal says FY25 regulatory changes are forcing a structural reset in derivatives participation. While equity derivatives saw lower participation, he expects growth to come from a smaller yet steadier customer base, rising volatility, and a shifting product mix. Longer-term, expanding industry interest and higher per-user activity—especially among younger investors—could drive volumes again.