BSE Hits 9 Crore Registered Investor Accounts

BSE Hits 9 Crore Registered Investor Accounts

Indian Market
by 5paisa Research Team Last Updated: 2022-08-08T18:58:00+05:30

In the last couple of years, some interesting trends have been evident in the stock markets. Firstly, there has been a surge in demat accounts and trading accounts in the Indian securities market. Secondly, there has been a huge millennial digital savvy population that has participated aggressively in the growing equity cult. Lastly, the speed at which exchanges are adding investor accounts is getting shorter and smarter. 

During this week, the BSE reported a record high of 9 crore registered investor accounts, traversing the last milestone from 8 crore accounts to 9 crore accounts in just 85 days flat. Check the table below.
 

BSE Milestone

Time Period

Touches 1 crore Investor Accounts

Since Inception

1 crore to 2 crore investor accounts

1,252 days

2 crore to 3 crore investor accounts

1,651 days

3 crore to 4 crore investor accounts

939 days

4 crore to 5 crore investor accounts

652 days

5 crore to 6 crore investor accounts

241 days

6 crore to 7 crore investor accounts

138 days

7 crore to 8 crore investor accounts

107 days

8 crore to 9 crore investor accounts

85 days

 

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.

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