SEBI's income from fees and other charges dropped by 46 per cent to Rs 213 crore in the fiscal 2008-09 as against Rs 397 crore recorded during the previous fiscal, SEBI's annual report released on Wednesday said.

The sharp drop in income from turnover fee charged from brokers in the cash and derivative market contributed to lower fee income from the brokers.

Only Rs 37.16 crore was collected from stock brokers and sub-brokers as annual and turnover charges, as against Rs 63.99 crore collected in the previous fiscal. Rs 36.27 crore was collected from members of the derivatives segment as against Rs 64.31 crore collected previously.