India’s registered investor base reached 10.7 crore by November 2024, nearing the 11-crore milestone, according to the latest data from the National Stock Exchange (NSE). This growth comes after the investor count crossed 9 crore in February and 10 crore in August, marking an impressive surge within just five months.
Despite market corrections and concerns of economic slowdown in October-November, investor interest remained steady, though at a relatively slower pace of new additions. November saw the addition of 15.2 lakh investors, the lowest in seven months, triggered by weak corporate earnings and slower GDP growth in the second quarter. However, the average monthly addition for the first eight months of FY25 was at a strong 19 lakh against 13.4 lakh during FY24.
North led from the pack of regions, accounting for 3.9 crore registered investors. At the state level, UP’s new registrations breached 1 cr in Apr, after shooting up to 1.2 cr in Nov. Maharastra retained its leading position in terms of a number of investor base, despite its overall share dipping by ending it at 16.5% against 20 percent in FY15.
The demographic profile of investors turned younger, with the average age falling to 35.8 years in November from 36.8 years in March. Investors below 30 years constituted nearly 40% of the total. Female participation continued its upward trajectory and reached 24% in November against 22% in FY22.
Market turnover in both cash and F&O segments fell during November, partly due to global uncertainties, FPI selling, and regulatory measures taken to rein in speculative activities. Despite such headwinds, India’s equity markets emerged as the best performer among all emerging markets in 2024. Though the Nifty 50 index witnessed an 11% correction from the highs in September, it is up 10.2% on a year-to-date basis.
Overseas investors poured out $2.6 billion in November but seem to have developed fresh affinity in December, with their net buying at $2.7 billion through 19 December. The NSE kept its global position as the largest multi-asset and third-largest equity exchange at 6th in the pure market capitalisation of USD 5.25 trillion as on November 2024.
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Source: Moneycontrol
News Desk
