In the 1990s, India's securities market expanded dramatically, leading to a rise in the country's direct equity ownership. Through their participation in mutual funds, a substantial number of households indirectly owned equity shares and debentures. To assist in determining the impact of the growth of the securities market on Indian Investor households, a comprehensive survey will be conducted. These are the objectives of this study: Estimate the number of households and individual investors who have invested directly or indirectly in the equity market through mutual funds. Describe the demographic, economic, financial, and ownership characteristics of the households and investors; Comprehend their investment preferences for equity and other market-available savings instruments, their perceptions of market risks, their market expectations, and the nature of their grievances and difficulties. Estimate the number of households that have refrained from investing in the equity market, describe their demographic characteristics, and investigate the reasons for their reluctance to invest in equity.