Sebi ups revenue forecast on investment income

New Delhi, Feb 7: Markets regulator Sebi has revised upwards its total revenue forecast for the current fiscal by around 9% to ` 536.75 crore, anticipating higher-than-expected income from fees and investments. The higher fee income is expected from foreign portfolio investors, brokers and research analysts, although the total fee from mutual funds is expected to be lower than earlier estimated budgeted by Sebi.

Sebi is also expecting its fee income to get a boost from application and other fees from commodity brokers and commodity exchanges due to the FMC merger with it. In the mid-term review of its budget estimates for the financial year 2015-16,Sebisaid"thetotalincomeforthe year 2015-16 is estimated to be at ` 536.75 crore as against budgeted estimates of ` 493.50 crore, representing a overall upward surge of ` 43.25 crore (around 9%)”.

The overall fee income has been revisedupwardsto`349.86croreasagainst budgeted ` 335.23 crore representing a overall raise of ` 14.63 crore. Income from investment has been revised upwards to ` 172 crore as against budgeted ` 144 crore, representing a rise of ` 28 crore and miscellaneous income has been revised marginally upwards to ` 14.88 crore from ` 14.27 crore. In case of money received from foreign portfolio investors(FPIs)towardsapplication,annual and renewalfee, Sebi has revised its estimate higher to ` 55 crore, as against budgeted income of ` 46.65 crore for this fiscal. For fee income from brokers (equity, derivative and currency) also, Sebi has raised its estimate to `100 crore.

Besides, pursuant to the merger of FMC with Sebi, it is expected that, on a pro rata basis, an amount of ` 9 crore may be received from commodity derivative brokers/clearing members towards application, annual and turnover fee. A further amount of ` 2.59 crore may be received from commodities stock exchanges. PTI