NSE records over 50 lakh new investors since April – Times of India
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NEW DELHI: The National Stock Exchange (NSE) has seen over 50 lakh new investor registrations in the current fiscal, its CEO Vikram Limaye said on Sunday. This is equal to 62.5% of the total number of new investor registrations, at around 80 lakh, that were added last fiscal (FY21), he added.
Direct retail participation has strengthened significantly during the last few years, which has been reflected in a sharp rise in new investors and an increase in individual investors’ share in the overall market turnover. Limaye, in his Independence Day address, said, “NSE’s elaborate investor education programme in over 600 cities, significantly enhancing financial literacy pan-India, thereby leading to improvement in retail participation, and the continued surge in equity markets, has led to NSE witnessing 1.7 crore investor registrations in the last two years.”
The average daily turnover in NSE’s equity and equity derivative segments registered a growth of 70% and 32%, respectively in the last fiscal, triggered by increasing participation from the retail segment, he said. “India’s young demography is its greatest asset, which can strengthen its competitiveness and influence globally. As India progresses towards becoming a self-reliant nation, we all need to strive towards building the right environment and infrastructure conducive for long-term sustainable growth and development,” Limaye said.
Direct retail participation has strengthened significantly during the last few years, which has been reflected in a sharp rise in new investors and an increase in individual investors’ share in the overall market turnover. Limaye, in his Independence Day address, said, “NSE’s elaborate investor education programme in over 600 cities, significantly enhancing financial literacy pan-India, thereby leading to improvement in retail participation, and the continued surge in equity markets, has led to NSE witnessing 1.7 crore investor registrations in the last two years.”
The average daily turnover in NSE’s equity and equity derivative segments registered a growth of 70% and 32%, respectively in the last fiscal, triggered by increasing participation from the retail segment, he said. “India’s young demography is its greatest asset, which can strengthen its competitiveness and influence globally. As India progresses towards becoming a self-reliant nation, we all need to strive towards building the right environment and infrastructure conducive for long-term sustainable growth and development,” Limaye said.
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