The National Stock Exchange (NSE) announced that the number of its unique registered investors has crossed the 8 crore mark. The number of registered investors on the NSE increased from 7 crore to 8 crore in eight months. 

The total number of unique client codes registered with the exchange has reached 14.9 crore, as clients can register with more than one trading member.

In a press release on September 28, the exchange said that the 8 crore investors correspond to approximately 5 crore unique households in India, amounting to around 17% of households directly investing in the stock market.

According to the release, the first half of the current financial year saw 76 lakh new investor registrations. Previously, the number of new investor registrations in FY23 stood at 1.3 crore, 1.9 crore in FY22 and 0.90 crore in FY21.

NSE added that 45% of the new 1 crore unique PAN holder investor registrations came from beyond the top 100 cities, depicting growth in the investor base beyond the top tier cities. Among the top cities, 7% of the new investors hailed from Delhi (including NCR), followed by Mumbai (including Thane/Raigad) with 4.6% and Pune with 1.7%.

North Indian states accounted for 43% of the new investors, followed by West India with 27%, Southern states with 17% and East India with 13% towards the last 1 crore new registrations. 

NSE’s Chief Business Development Officer, Sriram Krishnan, said, “The momentum in the capital markets, equity & debt, had a positive bearing on fund mobilisation in primary markets and deepening liquidity in the secondary markets. We expect the increased contribution of the domestic investors would help in long term growth of our economy.”