This document discusses retail investment in corporate securities in India. It outlines some of the benefits of investing in corporate securities like regular income from dividends and capital appreciation from bonus shares and market value increases. It also discusses the significance of the retail industry for providing managerial stability, moving markets towards perfection, and diluting broker domination. However, it notes that retail investment is affected by speculative activities and price fluctuations. Educating retail investors on rational long-term investing and analyzing financial information is difficult. It outlines some historical changes and challenges in the retail industry and primary markets in India.