Despite the volatility, 35 lakh new investors joined the stock market in November, claims NSE report
NSE Report: Maharashtra continues to top the country in terms of investors in the stock market with the highest number of registered investors. There are about 1.8 crore investors in the state. However, if we talk about the total investor base, the share of Maharashtra has come down from about 20 percent in FY 2015 to 16.5 percent in November 2024. Let's know about this in detail.
According to a report by the National Stock Exchange (NSE), amid the ongoing volatility in the stock markets, more than 35 lakh new investors joined the stock markets in November. This surge has taken the total number of investors to 10.85 crore at the end of November, as against 10.5 crore in October.
The report said, "The figures have increased due to increasing interest of people in the markets. The number of unique investors has increased to 9 crore in February, 10 crore in August, and currently 10.85 crore. The number of accounts of these investors through trading (UCC) is about 21 crore."
NSE reported last month that the total number of registered investors crossed the 10 crore mark in August and has increased to 10.5 crore by October 2024. After crossing the 10 crore (100 million) mark in August, the total number of registered investors in October 2024 was 10.5 crore.
Maharashtra remains the biggest investor in the country with the largest number of registered investors. The state has around 1.8 crore investors. However, the share of Maharashtra in the total investor base has fallen from around 20% in FY15 to 16.5% in November 2024. Uttar Pradesh continues at the second position with a sharp jump in its investor base. It crossed the one crore investor mark in April and by November end, the figure reached 1.2 crore investors accounting for 11.3% of the total investor base against 6.9% in FY20.
At the second position is Gujarat, with 94.9 lakh investors, followed by West Bengal with 62.5 lakh and Rajasthan with 61.4 lakh. Together, these five states account for about 48.3% of the total number of registered investors. Most importantly, the report underlined how, apart from the top 10 states, other states have contributed to an increasing trend from 23% to 27% of the total investor base. Bihar and Assam are two states that have contributed to the same, thereby showcasing market interest in smaller sectors.
