The National Stock Exchange (NSE) announced on Friday that its unique registered investors have exceeded 9 crore, with the latest addition of 1 crore occurring in just five months.
Over the past five years, the investor base has witnessed a more than three-fold increase, driven by rapid digitization, heightened investor awareness, financial inclusion, and robust market performance. “The unique registered investors on the National Stock Exchange of India crossed 9 crore on February 29, 2024,” stated the bourse.
Additionally, the total number of client codes registered with the exchange has reached 16.9 crore, encompassing all client registrations to date. It’s worth noting that clients can register with more than one trading member.
The trend of unique investor registrations at NSE has been on an upward trajectory in recent years. The transition from 6 to 7 crore unique investors took approximately nine months, followed by the next crore investors in eight months, and the leap from 8 to 9 crore in just five months. Daily new unique registrations have ranged from nearly 47,000 in October 2023 to 78,000 in January this year.
Since the beginning of FY24 until February 29 this year, the Nifty 50 has yielded a return of 27 percent, while Nifty 500 has delivered a 38 percent return over the same period.
Sriram Krishnan, Chief Business Development Officer at NSE, expressed optimism, stating, “It is encouraging to see that the latest 1 crore new investors have been onboarded on the exchange in the shortest time of five months.”
Krishnan attributed the deepening participation in various exchange-traded financial instruments to factors such as the simplification of KYC processes over the years, financial literacy efforts by stakeholders through investor awareness programs, and sustained positive market sentiment over the long term.
Among the new investors entering the market since October 2023, nearly 42 percent originated from North India, followed by West India (28 percent), South India (17 percent), and East India (13 percent). Uttar Pradesh and Maharashtra accounted for the largest number of new investors during this period, collectively contributing to more than a quarter of all new additions.
Presently, Maharashtra has the highest number of unique registered investors with 1.6 crore, followed by Uttar Pradesh with 97 lakh and Gujarat with 81 lakh such investors.
This surge in new investors has been observed across states, with all but 33 pin codes having at least one individual directly investing in the market.
