Mumbai: Market regulator SEBI expects its total income for 2012-13 fiscal at Rs 348 crore; lower than Rs 363.47 crore in the last year due to slowdown in market activities.

The total income is estimated to be lower in the year 2012-13 mainly because of decrease in income from fees receivable from the intermediaries, according to the budget estimates of the market regulator.

"On account of fall in market volumes, coupled with slowdown in the primary market activity, fees from the stock-brokers (both equity and derivative segment) and fees receivable for filing the offer documents are estimated to show a decline," SEBI said.

Income in form of fee from intermediaries is expected to drop to Rs 167.11 crore in 2012-13, against Rs 179.24 crore in the previous fiscal.

Besides, an increase in capital expenditure is also estimated in 2012-13, which may result in net deficit of Rs 275.51 crore during the year, the document said.

SEBI's total revenue expenditure during 2012-13 is estimated at Rs 186.45 crore, an increase of 14.68 per cent over the revised revenue expenditure of the previous year.

The regulator has also planned an expenditure of about Rs 281 crore on acquisition of office and residential premises this year.

"Some major capital expenditure budgeted for the year 2011-12 did not materialise. These have been carried forward in BE (Budget Estimate) for 2012-13 with revised budget estimates," the regulator said.