• Source:PTI
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The National Stock Exchange (NSE) on Wednesday said its unique registered investor base has crossed the 11 crore mark, with fresh inflows of 1 crore investors in just five months, reflecting investor participation in the stock market through direct channels. Investor registrations on the NSE have seen a significant rise in recent times, growing 3.6 times in the last five years.

The NSE started operations in 1994, after which it took 14 years to reach 1 crore investors. The pace accelerated thereafter, taking about seven years for the next 1 crore registrations, then it took 3.5 years to add up the next 1 crore investors and now, it took just over a year to reach the milestone of adding 4 crore people.

"The rate of growth has since quickened significantly, with each additional 1 crore investors being added in roughly 6-7 months, while the last 1 crore investors were added in just over five months, reflecting a shift in investor enthusiasm and participation in the stock market through direct means," NSE said in a statement.

Uttar Pradesh Tops The List

Geographically, Uttar Pradesh tops the list with 18 million registered investors, followed by Gujarat with 12 million, with these three states accounting for 36.6 per cent of the 110 million investors.

Key Factors Behind Growth

Daily new single investor registrations have consistently been between 47,000 and 73,000 in the last five months. This growth was driven by several key factors, including rapid progress in digitisation, rising investor awareness, financial inclusion efforts and strong market performance.

The Nifty 50 is expected to grow 8.8 per cent in 2024, while the Nifty 500 will grow 15.2 per cent. Indian markets have delivered positive returns for the last 9 years. This brings the total number of client codes (accounts) registered on the exchange to 210 million. This includes all client registrations so far.

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The special thing is that clients can register with more than one trading member.

"As the new year begins, India's capital markets have achieved a significant milestone, with the number of registered investors at NSE exceeding the 11-crore mark. This rapid growth, with over one crore new investors added in just five months since crossing the 10-crore mark in August, reflects rising confidence of the Indian public in the stock market as a trusted avenue for wealth creation," Sriram Krishnan, Chief Business Development Officer at NSE, said.

Investor growth has spread beyond urban centres, with investors from all but 30 zip codes in the country registered on the exchanges, representing 99.84 per cent coverage in the country.

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(With Inputs from PTI)