Each month, over a million new accounts have been created, with a record number of new investors coming to the stock markets. The recent past has seen investors coming from all corners of the country as each state has seen a rise in the number of registered investors.
The data from BSE shows that only two states, Maharashtra and Gujarat have more than a crore registered investors, with Maharashtra having numero uno status with nearly 1.9 crore registered investors. The current number of registered investors in the state pegged at 1.01 crore, which has breached the one-crore mark.
The top two states are Uttar Pradesh 72.4 lakh registered investors and the two southern states of Karnataka 52.5 lakh and Tamil Nadu 49.7 lakh that complete the top five positions.
There are a total of 16 states excluding Maharashtra and Gujarat, which have more than 10 lakh registered investors each. As per the BSE data, Rajasthan, West Bengal, Delhi, Andhra Pradesh, Madhya Pradesh, Haryana, Telangana, Bihar, Kerala, Punjab, Odisha, Assam and Jharkhand each have over 10 lakh registered investors.
In the last year, the states with the highest number of registered investors also saw a good growth in the total number, even though the base was quite high.
In the last year, Maharashtra saw a 48 percent increase in the number of investors, while Gujarat and Uttar Pradesh saw a 32 per cent increase in the number of investors in the last year.
In the last year, the number of registered investors in Madhya Pradesh doubled, with the growth rate pegged at nearly 104 per cent. Bihar saw a rise of 110 per cent.
The islands of Andaman Nicobar along with Lakshadweep are the bottom five in terms of the number of registered investors. They are given company from Daman Diu, Mizoram and also the Army Post Office.
The rest of the North East states have less than a lakh investors who invest in the stock markets, according to a report by Assam.