Capital markets in India have been growing at a fast pace. Market capitalisation has increased from around Rs 120 lakh crore in 2016-17 to Rs 230 lakh crore in December 2021. Average monthly equity cash market turnover has increased from Rs 8 lakh crore in financial year (FY) 2019-20 to Rs 15.5 lakh crore till October 2021. In the equity derivatives segment, the premium value of Rs 19 lakh crore in FY 2019-20, has increased to around Rs 28.4 lakh crore in the current FY, till October 2021. Further, the assets under management of the mutual fund industry have surged from Rs 21 lakh crore in 2017-18 to Rs 37 lakh crore as on 31 October 2021.