BSE Hits 9 Crore Registered Investor Accounts

_{Data Source: BSE}

The interesting part of this table above is that out of the 9 crore registered investor accounts, 4 crore accounts were added since the pandemic in May 2020. That means, the pandemic has surely hastened the move towards greater equity participation by the retail investors in India.

Interestingly, the BSE had begun its investment journey more than a century ago, but it was only ahead of the global financial crisis of 2008 that the BSE touched the figure of 1 crore registered investor accounts. However, in the last 14 years, another 8 crore accounts have been added on the BSE showing the extent of the equity shift in India.

Check - BSE Adds a Record of 1 Crore Investor Accounts in 107 Days

Out of the 9 crore accounts, if you break up state-wise, Maharashtra accounts for a bulk of 21% of the total investor accounts followed by Gujarat at 11%. However, these have been the traditional equity bastions in India. What is interesting is the rapid growth in investor accounts not just in the mofussil towns and villages but even in far-flung states like Manipur, Assam and even the Lakshadweep.

This surge in investor accounts on the stock exchanges has coincided with the rapid growth of demat accounts with CDSL recently touching the magic 5 crore demat accounts mark. What the above data does indicate is that the equity cult in India is well and truly on the upswing.