The National Stock Exchange of India (NSE) has achieved a significant milestone by surpassing 20 crore (200 million) total client accounts in October 2024. This growth marks an impressive increase from 16.9 crore (169 million) client accounts just eight months ago, highlighting a rapid expansion in India’s investor base.
Key Highlights:
- Top States by Client Accounts: Maharashtra leads the nation with 3.6 crore accounts, followed by Uttar Pradesh with 2.2 crore, Gujarat with 1.8 crore, and Rajasthan and West Bengal with nearly 1.2 crore each. Together, these top states make up nearly 50% of the total client accounts, while the top ten states account for approximately 75% of the total.
- Registered Investor Base Growth: The unique registered investor base has now reached 10.5 crore, having crossed the 10 crore mark on August 8, 2024, further underscoring the rapid adoption of investment platforms.
Shri Sriram Krishnan, Chief Business Development Officer at NSE, noted, “We have achieved another remarkable milestone with a rise of over three crore client accounts within eight months. This reflects the confidence in India’s growth story, supported by digital transformation and government initiatives aimed at increasing financial literacy and accessibility.”
This surge in accounts is attributed to technological innovation, the widespread adoption of mobile trading, and policy support from the government, which has effectively democratized market access. Enhanced KYC processes, financial literacy initiatives, and diverse investment options like equities, ETFs, REITs, and mutual funds have also played a crucial role in driving participation.
