People in the North are keeping an eye on the stock market, with the investor base growing by 4 times since FY20 and reaching 35.7 million as of July 31, 2024. The Eastern states are not far behind and have also added 8.9 million investors in the period of FY20 and FY25 (till July 31, 2024).
North India’s investor base grew 304.2% from FY20 to FY25 while the East’s base rose by 296.5% in the same period. The West part’s registered investor base grew by around 300% while the Southern part showed a growth of 172% from FY20 to FY25.
In the north, the national capital – Delhi saw a growth of 142% from FY20 to FY25 in the registered investors while East’s West Bengal marked a rise of 189.9% in the same period. All over India, the highest growth of registered investors was seen in Madhya Pradesh at 389%.
This year, between April 1 and July 31, 2024, North India’s investor base increased by 3.33 million and West India added 1.96 million, while South India also added 1.49 million investors.
But why are the investors taking that sharp turn and moving away from the property and gold investments?
The reason could be rising per capita income, a simple account opening process, and cheaper access to the internet with better connectivity. Smartphone penetration and easy access to capital market knowledge have also positively impacted the lagging state – Uttar Pradesh. With UP’s share in the total registered base of 7.4% in FY20, this has increased to 11.1% in FY25. But at the same time, Maharashtra and Gujarat witnessed a decline in their share base in comparison to the total registered investors.
In this shifting pattern and rising investor base, think about taking that plunge and opening a demat account now.
Reference:
https://economictimes.indiatimes.com/markets/stocks/news/investors-in-north-india-take-the-equity-plunge-nos-quadruple-in-4-years/articleshow/113307090.cms?from=mdr
