BSE registered investor accounts hit 10 crore milestone

NEW DELHI: BSE on Wednesday said the registered investor accounts have hit the 10 crore mark. It took 91 days for the accounts to hit 10 crore from 9 crore, recording the second-fastest growth.

It had hit the 9 crore mark on December 15, completing the journey from 8 crore to 9 crore in a record 85 days. BSE had reached 1 crore investor accounts in 2008.

Ashish Chauhan, CEO at BSE, tweeted: BSE reached a landmark of 10 crore (100 million) registered investor accounts. Congratulations India!



Manipur, Madhya Pradesh, Lakshadweep, Odisha, Assam and Arunachal Pradesh have seen the biggest growth in investor accounts, rising in the range of 100-300 per cent year-on-year. Assam delivered the largest growth at 286 per cent. Country-wide growth was 58 per cent year-on-year.

Not surprisingly, Maharashtra, which houses most brokers and exchanges, has the most number of clients at 2.06 crore or nearly 21 per cent of the total investor accounts at BSE. Gujarat is at second position with 1.01 crore accounts, 11 per cent of the pie.

The major reason behind the growth in the last couple of years has been an influx of new investors. Demat accounts have more than doubled in the last three years, data suggests.