Gujarat surges ahead of UP in new investor additions, adds 2.3L in August

Mumbai: Gujarat emerged as the largest contributor to new investor registrations in August, overtaking Uttar Pradesh in adding new investors during the month, as overall registrations rose 16.7% month-on-month to 1.55 million.

Gujarat added 230,000 new investors in August, accounting for 14.6% of the monthly additions, followed by Uttar Pradesh with 200,000 investors, or 12.9%, and Maharashtra with 160,000, or 10.2%.

Rajasthan and Tamil Nadu followed with 110,000 and 90,000 new registrations, accounting for 7.1% and 5.7%, respectively. The top five states together contributed 50.5% of August's new investor registrations, NSE Pulse data showed.


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Gujarat's performance stood out, with new registrations rising 94.8% month-on-month and 134.9% year-on-year. Rajasthan recorded the second-highest sequential growth among major states at 36.7%, followed by Haryana at 23.3%. Maharashtra and Uttar Pradesh saw registrations rise 11.2% and 7.2%, respectively.

The shift in leadership from Uttar Pradesh to Gujarat comes even as Uttar Pradesh continues to have the second-largest registered investor base nationally. Gujarat's increase in new registrations made it the largest contributor to incremental investor participation during August.

Overall, new investor registrations rose 16.7% month-on-month and 24% year-on-year, marking an acceleration after relatively subdued registration momentum in the preceding months.

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West India led the sequential recovery, with registrations rising 40.9% month-on-month, followed by North India at 12.4%, East India at 7.3% and South India at 3.6%. Despite the sharper monthly growth in West India, North India remained the largest source of new investors, contributing 590,000 registrations, or 38.4% of August's additions.

West India accounted for 460,000 new registrations, or 29.7%, followed by South India with 320,000, or 20.5%, and East India with 170,000, or 11.2%. The sharp increase in West India's registrations lifted its contribution substantially during the month, although North India continued to account for the largest share of incremental participation. During FY27TD, 6.16 million new investors were added.