The National Stock Exchange of India (NSE) has reached a monumental milestone, boasting a staggering 90 million unique investor registrations as of February 29th, 2024. This remarkable surge in investor participation underscores the NSE’s pivotal role in fostering a thriving investment ecosystem in India.
With the total client codes soaring to an impressive 169 million, the NSE has solidified its position as a premier destination for investment opportunities. The exponential growth in unique investor registrations, particularly the recent addition of one crore investors in just five months, reflects the increasing attractiveness of India’s financial markets. Sriram Krishnan, Chief Business Development Officer at NSE, attributes this unprecedented growth to a combination of factors, including streamlined KYC processes, extensive investor education initiatives, and sustained market optimism. The expanding investor base signifies a broader trend of democratizing access to investment opportunities, with investors diversifying their portfolios across various exchange-traded financial instruments such as ETFs, REITs, and government bonds.
Geographically, the influx of new investors spans across the nation, with North India leading the surge at approximately 42%, followed by significant contributions from West, South, and East India. Uttar Pradesh and Maharashtra emerge as key contributors to this growth story.
