Investors accounts cross the milestone of 24 crore on NSE
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The
National Stock Exchange of India (NSE) reached another milestone in November
2025, with total unique trading accounts surpassing 24 crore (240 million).
This milestone has been achieved in just over a year after the 20-crore mark
(200 million) in October last year. The number of unique registered investors
stands at 12.2 crore (as of October 31st, 2025), having surpassed
the milestone of 12 crore unique registered investors (120 million) on
September 22nd, 2025.
Investors
can hold accounts across different brokers, leading to multiple client codes
for the same individual. Maharashtra retained the top position with over 4
crore investor accounts (17% share), followed by Uttar Pradesh (2.7 crore, 11%
share), Gujarat (2.1 crore, 9% share), West Bengal (1.4 crore, 6% share) and
Rajasthan (1.4 crore, 6% share). Notably, the top five states held ~49% share
of all investor accounts, while the top 10 states comprise over 73%.
Investor
education has become vital amidst the sharp rise in post-pandemic investor
participation in the Indian equity markets. As of September 30th,
2025, individual investors—both direct participants and those investing through
mutual funds—hold 18.75% of NSE-listed companies, marking a 22-year high. Over
the past five years, the Nifty 50 and Nifty 500 indices have generated strong
annualised returns of 15% and 18%, respectively.
Several investor
protection measures have also been implemented in recent years which have
strengthened confidence in the markets, alongside rampant digitalisation,
sustained innovation, growing middle class and progressive policy measures
under the leadership of Prime Minister Shri Narendra Modi and Hon’ble Finance
Minister Smt. Nirmala Sitharaman. NSE, SEBI, and the Government have
strengthened the collective commitment to investor awareness and financial
inclusion.
NSE has ramped up its
efforts in the area of Investor Education over the past few years. NSE
conducted 11,875 Investor Awareness Programs (IAPs) in the first half of FY26
alone, reaching nearly 6.2 lakh participants, as compared to 14,679 in the
whole of FY25. NSE’s Investor Protection Fund (IPF) has also grown by 19% YoY
to Rs 2,719 crore as of October 31st, 2025.
Shri
Sriram Krishnan, Chief Business Development Officer, NSE said: “Retail
investors continue to be optimistic about Indian capital markets, given the robust
measures that have been implemented in the past few years including the
standardization of mobile-based trading solutions, the implementation of a more
streamlined Know Your Customer (KYC) process and strengthened investor
awareness initiatives. These measures have helped sustain steady investor
participation amid shifting global trade patterns and rapidly evolving
geopolitical conditions, while also improving market accessibility, especially
for investors residing
in
tier 2, 3, and 4 cities. Investors now have access to a broad spectrum of
instruments—equities, debt securities, exchange-traded funds (ETFs), real
estate investment trusts (REITs), infrastructure investment trusts (InvITs),
government bonds, and corporate bonds—reflecting the evolution of a
technology-driven and inclusive financial ecosystem. These efforts have
culminated in the Exchange achieving another major milestone this year, with
the number of investor accounts on NSE surpassing the 24-crore mark in
November.”
About
National Stock Exchange of India Limited (NSE): National Stock Exchange of India (NSE) was
the first exchange in India to implement electronic or screen-based trading. It
began operations in 1994 and is ranked as the largest stock exchange in India
in terms of total and average daily turnover for equity shares every year since
1995, based on SEBI data. NSE has a fully integrated business model comprising
exchange listings, trading services, clearing and settlement services, indices,
market data feeds, technology solutions and financial education offerings. NSE
also oversees compliance by trading, clearing members and listed companies with
the rules and regulations of SEBI and the exchange. NSE is a pioneer in
technology and ensures the reliability and performance of its systems through a
culture of innovation and investment in technology. NSE is the world’s largest
derivatives exchange by trading volume (contracts) as per the statistics
maintained by Futures Industry Association (FIA) for calendar year 2024. NSE is
ranked 2nd in the world in equity segment by number of trades (electronic order
book) in 2024, as per the statistics maintained by World Federation of
Exchanges (WFE).
For more
information, please visit: www.nseindia.com
