NSE registered investor base surpasses 8 crore mark
Also Read: SEBI asks MCX to keep commodity derivative platform launch in ‘abeyance’ NSE said that 45% of the new 1 crore unique PAN based investor registrations came from beyond the top 100 cities. States from Northern part of India accounted for 43% followed by West with 27%, South by 17% and East by 13% towards the last 1 crore new investor registrations.
The top cities include Delhi (including NCR) contributing to 7% followed by Mumbai (including Thane/Raigad) with 4.6% and Pune with 1.7%, NSE added. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! NSE attributed the growth in number of participants to the momentum observed in capital markets.
“The benchmark equity index – the Nifty 50 index has delivered annualised returns of 22.66% in last 3 years and the Nifty 500 index has delivered annualised returns of 24.89% in last 3 years (all returns as on September 26, 2023) indicating the performance is long term, broad based and not restricted to few securities," NSE said. The first 6 months of the current financial year has seen 76 lakhs of new investor registrations.
Previously, the number of new investor registrations stood at 1.3 crore in FY23, 1.9 crore in FY22 and 0.90 crore in FY21. “Technology has brought in ease of investor onboarding, made available self-paced learning modules to impart knowledge to the masses thereby enriching overall investing experience in financial products on the Exchange," said Sriram Krishnan, Chief Business Development Officer, NSE .
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