The National Stock Exchange of India (NSE) has achieved an unprecedented milestone, with its investor base soaring to a staggering 90 million unique registrations as of February 29th, 2024. This surge underscores the growing allure of India’s financial markets and marks a historic moment for the NSE.
The total client codes on the exchange now stand at an impressive 169 million, showcasing a remarkable growth trajectory driven by a myriad of factors, including increased digitization, heightened investor awareness, and robust market performance. The acceleration in unique investor registrations has been particularly noteworthy, with a recent addition of one crore investors occurring in a record time of just five months.
Sriram Krishnan, Chief Business Development Officer at NSE, attributes this remarkable growth to a confluence of factors, including streamlined KYC processes and extensive investor education initiatives. The expanding participation extends beyond equities to encompass a diverse range of exchange-traded financial instruments such as ETFs, REITs, InvITs, government bonds, and corporate bonds. Geographically, the influx of new investors is widespread, with North India leading the pack at approximately 42%, closely followed by West, South, and East India. Uttar Pradesh and Maharashtra emerge as significant contributors, collectively constituting over a quarter of all new additions.
