Mumbai, October 30 (IANS). National Stock Exchange (NSE) informed on Wednesday that the total number of customer accounts has crossed 20 crores. Eight months ago this figure was 16.9 crores.
In terms of number of customer accounts, Maharashtra tops the list with a figure of 3.6 crore. This is followed by 2.2 crore customer accounts in Uttar Pradesh, 1.8 crore in Gujarat and 1.2 crore customer accounts each in the states of Rajasthan and West Bengal.
50 percent of the total number of customer accounts are in these states. At the same time, the share of top 10 states is three-fourth.
According to the exchange, the number of unique registered investors has now reached 10.5 crore. On August 8, 2024, this figure had crossed 10 crores.
Sriram Krishnan, Chief Business Development Officer, NSE, said that our investor base has achieved another milestone. More than three crore new customer accounts have been opened in the last eight months.
This expansion has been driven by streamlined KYC processes, advanced financial literacy programs and a consistently positive market. Also, investor participation in ETFs, REITs, INVITs and equities is increasing.
Widespread adoption of mobile trading applications and increased investor awareness supported by government digital initiatives have effectively democratized market access, Krishnan said. This has particularly benefited investors in Tier 2, 3 and 4 cities.
He further said that this milestone reflects the changing financial landscape of India and the increased access of retail investors to the market due to technology.
Apart from this, the confidence of domestic investors as well as global investors is also increasing in the Indian stock market. The highest ever open interest of $20.84 billion was seen in GIFT Nifty on September 24, earlier this figure was $18.50 billion.
–IANS
ABS/ABM
