Mumbai
The National Stock Exchange of India (NSE) announced a significant milestone, surpassing 20 crore client accounts on Wednesday, an increase from 16.9 crore just eight months ago.
Maharashtra leads 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 contribute 1.2 crore accounts. Together, these five states account for nearly 50% of the total client accounts, while the top 10 states represent approximately three-fourths of the overall figure.
The exchange also reported that the unique registered investor base has reached 10.5 crore, surpassing the 10 crore mark on August 8, 2024.
Sriram Krishnan, Chief Business Development Officer at NSE, commented on the remarkable growth, highlighting that around 3 crore accounts were added in just over eight months. He attributed this surge to strong investor confidence in India’s economic growth, driven by digital transformation and technological innovation.
Krishnan noted that the widespread adoption of mobile trading applications, along with increased investor awareness and government digital initiatives, has democratized market access, particularly benefiting investors from tier 2, 3, and 4 cities. This growth has been supported by streamlined KYC processes, enhanced financial literacy programs, and sustained positive market sentiments, as evidenced by robust participation in various investment instruments, including equities, ETFs, REITs, InvITs, and bonds.
He added, “This milestone underscores India’s evolving financial landscape and the successful fusion of technology with retail investment accessibility.”
