India’s stock market has witnessed an unprecedented rise in investor participation, reflecting a growing trend of financialisation of savings. According to data released by the National Stock Exchange (NSE), November 2023 recorded a staggering addition of 42,76,207 investors, marking a significant milestone in the country’s equity market expansion.
The NSE data revealed that Maharashtra and Uttar Pradesh led the surge in investor participation, adding 6,50,738 and 5,51,589 investors, respectively. This growth highlights the increasing appeal of equity investments across diverse demographics and geographies.
During the July-September quarter of 2023, over 1.6 crore investors joined the stock market, buoyed by record-high equity markets. As of December 23, the total number of registered investors reached a massive 21.02 crore, showcasing sustained investor interest.
Maharashtra continues to dominate the investor landscape with over 3.7 crore accounts, followed by:
In October, the total number of client accounts on the NSE surpassed 20 crore for the first time—up from 16.9 crore just eight months prior. Furthermore, the unique registered investor base, identified through PAN numbers, stood at 10.5 crore.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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