Led by an unprecedented surge in liquidity, the Indian equity markets are in the middle of a prolonged bull run that is attracting more and more investors eager to rake in inflation-beating profits. In FY24, on average every month recorded an average of 31 lakh new demat accounts, which are mandatory for investing in the stock markets – or more than 1 lakh a day.
Amid such a surge, do you know which are India’s top 12 states in terms of registered investors? In a recent publication, NSE has presented a ranking of the states for May ‘24.
Maharashtra has come out on top with more than 1.61 crore investors, who constitute as much as 17% of the investor population of India.
After Maharashtra
The number two state in the country is Uttar Pradesh which had about 1.04 crore registered investors in the equity markets who made up 10.9% of the country’s total investor population.
The third spot goes to Gujarat which has got 8.9% of the country’s investors. This state had 84.11 lakh investors at the end of May ‘24.
The fourth position went to West Bengal which accounted for 5.7% of India’s investors. Rajasthan also accounted for the same share, but while the West Bengal had 54.41 lakh investors, Rajasthan recorded 53.83 lakh and was given the fifth spot.
Sixth to 12th spots
The states occupying the sixth to 10th positions were Karnataka, Tamil Nadu, Madhya Pradesh, Andhra Pradesh and Delhi.
The absolute number and share of investors in these states stood thus – Karnataka (52.84 lakh, 5.6%), Tamil Nadu (52.19 lakh, 5.5%), Madhya Pradesh (45.73 lakh, 4.8%), Andhra Pradesh (43.27 lakh, 4.6%) and Delhi (43.18 lakh, 4.5%).
The 11th spot went to Bihar which recorded 40.45 lakh investors who constituted 4.3% of the national figure.
In 12th position was Haryana. With 32.55 lakh investors, it accounted for 3.4% of the national pie.
Waning leaders?
Though Maharashtra is still the undisputed leader in terms of investors in the equity markets, data suggest its dominance is going down. According to data presented by the exchange, at the end of FY10, the state had a 19.7% share in the country’s registered investors which inched up to 19.9% in FY15 and crawled down to 19.2% in FY20.
Second-ranked Gujarat, too, is losing its share of investors. Its share has gone down from 13% in FY10 to 11.4% in FY15, which inched up to 12.2% in FY20 before dipping to 8.9% in May ‘24.
Rise of Uttar Pradesh and Bihar
Uttar Pradesh, the most populous Indian state, has made sharp gains in the share of registered investors. Only 6.1% of the investors came from that state in FY10. But it has been constantly rising for the next decade and a half.
UP’s share crept up to 6.9% in FY15 and then rose further to 7.4% in FY20. In May ‘24, it made a quantum leap to 10.9%.
The other notable rise was that of Bihar. It accounted for only 1.3% of the country’s equity investors in FY10. It inched up to 1.6% in FY15 and then moved to 2.2% in FY20. In May ’24, it made a Bob Beamon-kind of leap to 4.3%.
Fun Fact
Did you know that one of the country’s most picturesque tourism destinations Ladakh didn’t have even 1,000 investors till FY2000. NSE said that in May ’24 Ladakh registered its first 1,000 investors in the equity markets.
The total number of equity investors in India at the end of May 2024 was 94,997,000, revealed NSE.
Maharashtra is the number one state with a little less than one-fifth of the investors in the equity markets in the country. But which are the other states? Business Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
