Gujarat added eight lakh new investors in the stock market in the last five months, says a data from NSE. India saw its quickest registration of one crore new investors in the last five months and Gujarat stood third in additions. The state now has 81 lakh registered stock market investors.
UP and Maharashtra had the most new investors in this period, together accounting for more than a quarter of additions, the NSE data shows.
Currently, the highest number of unique registered investors are from Maharashtra with 1.6 crore, followed by UP with 97 lakh and Gujarat at 81 lakh. Over 46% of all new investor registrations in the last five months came from districts beyond the Top 100.
According to NSE, the increase from six crore to seven crore unique investors took about nine months, the next one crore investors came in eight months and going from eight to nine crore took just five months.
In this period, daily new unique registrations averaged nearly 47,000 in Oct 2023 and 78,000 in Jan this year. The investor base more than tripled in the last five years, facilitated by rapid growth in digitization, investor awareness, financial inclusion and the strong market performance.
From the beginning of FY24 up to February end, the Nifty 50 return has been 27%, while the Nifty 500 delivered 38% returns. Annualized returns for the last five-year period ending Feb 2024 stood at 15.3% and 17.5% for the Nifty 50 and Nifty 500 respectively.
Gunjan Choksi, director of a stockbroking firm, said, “Gujarat has always been a hub for equity investments. The entry of new investors has seen an increase since Covid, but the recent rally broke all records in attracting new investors.”
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