Mumbai: The National Stock Exchange of India (NSE) has announced that the total number of client accounts has surpassed 20 crore, an increase from 16.9 crore just eight months ago. Maharashtra leads the states with the highest number of accounts, totaling 3.6 crore, followed by Uttar Pradesh with 2.2 crore, and Gujarat with 1.8 crore. Rajasthan and West Bengal each have 1.2 crore accounts.
These five states collectively account for nearly 50 percent of all client accounts, while the top ten states represent about three-fourths of the total.
The unique registered investor base has also grown to 10.5 crore, having crossed the 10 crore mark on August 8, 2024.
“We have achieved another remarkable milestone in our investor base, with the exchange witnessing an increase of around three crore total accounts in just over eight months following February's count of almost 17 crore,” said Sriram Krishnan, Chief Business Development Officer of NSE.
This substantial growth demonstrates strong investor confidence in India's economic potential, driven by digital advancements and innovation.
“The widespread adoption of mobile trading applications and increasing investor awareness, supported by the government's digital initiatives, has effectively democratized market access, particularly benefiting investors from tier 2, 3, and 4 cities,” Krishnan added.
This expansion is facilitated by streamlined KYC processes, enhanced financial literacy programs, and sustained positive market sentiments. The participation across various investment instruments—including equities, ETFs, REITs, InvITs, and various bonds—has been robust.
“This milestone underscores India's evolving financial landscape and the successful fusion of technology with retail investment accessibility,” he noted.
As global investors' confidence in the Indian stock market grows, the GIFT Nifty has set an all-time high open interest of $20.84 billion as of September 24, surpassing its previous record of $18.50 billion.
IMF Retains India’s GDP Growth Forecast at 7%, Warns of Global Risks
JSW Group to Invest Over $30 Billion in Electric Vehicle Sector Amid Govt Support