The states with the most equity investors

Two States with more than one crore registered investors each are Maharashtra and Gujarat; the remaining 16 states each have more than ten lakh.

This calendar year has seen a record number of new investors enter the stock market, with over a million new accounts being opened each month. More crucially, in recent years, investors have come from all across the country, with each state seeing a significant increase in the number of registered investors.

According to data from the BSE, just two states – Maharashtra and Gujarat – have more than a crore registered investors apiece, with Maharashtra topping the list with about 1.9 crores. Gujarat just surpassed the one-crore milestone, with a total of 1.01 crore registered investors in the state.

The top two states are followed by Uttar Pradesh (72.4 lakh registered investors), followed by the two southern states of Karnataka (52.5 lakh) and Tamil Nadu (49.7 lakh).

In fact, excluding Maharashtra and Gujarat, there are a total of 16 states with more than 10 lakh registered investors. According to BSE statistics, the states of Rajasthan, West Bengal, Delhi, Andhra Pradesh, Madhya Pradesh, Haryana, Telangana, Bihar, Kerala, Punjab, Odisha, Assam, and Jharkhand each have over 10 lakh registered investors. Furthermore, even if the base was relatively high, the states with the most registered investors have had a decent rate of growth in the overall number in the previous year.

In the recent year, Maharashtra experienced a 48 percent increase in the number of investors, while Gujarat and Uttar Pradesh saw 32 percent and 77 percent increases, respectively. Meanwhile, in Madhya Pradesh, the number of registered investors has nearly doubled in the last year, with a growth rate of over 104%. Even Bihar saw an increase of 110 percent.

Surprisingly, the islands of Andaman and Nicobar, as well as Lakshadweep, are among the worst five in terms of registered investors. Daman & Diu, Mizoram, and the Army Post Office keep them company at the bottom. Except for Assam, the rest of the northeastern states have fewer than a lakh stock market investors apiece.

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