Around 93% of over 1 crore individual F&O (Futures and Options traders) incurred average losses of around ₹2 lakh per trader (inclusive of transaction costs) during the three years from FY22 to FY24, a SEBI study released on Monday said. The aggregate losses of individual traders exceeded ₹1.8 lakh crore over the three years between FY22 and FY24, it added.