India's structured products market will be sufficiently broadened if new derivatives products proposed by the Securities and Exchange Board of India (Sebi) are approved. However, the measures may take as long as two years to be implemented.
The proposed products include the use of long-term options with an expiry of up to five years, not only for individual stocks but also for equity indexes. Currently, the maximum life tenure of an option contract is three months. Structured note issuers are tod