NSE crosses 20 crore total client accounts, Maharashtra leads among states

NSE crosses 20 crore total client accounts, Maharashtra leads among states

The National Stock Exchange of India (NSE) on October 30 said it crossed a significant milestone in October 2024 as the total number of client codes at the exchange (accounts) surpassed 20 crore. "This is an impressive growth in eight months, having been 16.9 crore just eight months earlier," said NSE in a statement. Among states, Maharashtra leads with the highest number of accounts at 3.6 crore, followed by Uttar Pradesh (2.2 crore), Gujarat (1.8 crore), Rajasthan and West Bengal at 1.2 crore each. Together, these states account for nearly 50% of total client accounts, while the top ten states account for approximately three-fourths of the total, the exchange said.

Additionally, the unique registered investor base now stands at 10.5 crore, having crossed the 10 crore mark on August 8th, 2024.

Sriram Krishnan, Chief Business Development Officer, NSE said: “We have achieved another remarkable
milestone in our investor base, with the exchange witnessing an increase of around three crore total
accounts in just over eight months following February's count of almost 17 crore. This exceptional growth reflects strong investor confidence in India's growth story, driven by digital transformation and technological innovation.

"The widespread adoption of mobile trading applications and increasing investor awareness, supported by the government's digital initiatives, has effectively democratized market access, particularly benefiting investors from tier 2, 3, and 4 cities. This expansion is supported by streamlined KYC processes, enhanced financial literacy programs, and sustained positive market sentiments, as demonstrated by robust participation across diverse investment instruments including equities, ETFs, REITs, InvITs, and various bonds. This milestone underscores India's evolving financial landscape and the successful fusion of technology with retail investment accessibility.”

In August, NSE reported a 39% year-on-year surge in consolidated net profit to Rs 2,567 crore for three months ended June 2024.

The exchange posted a 51% year-on-year jump in consolidated revenue from operations to Rs 4,510 crore in the April-June quarter of the current fiscal year FY25.

The growth in revenue was supported by trading revenue and revenue from other segments which mainly includes data centre and connectivity charges, clearing services, listing services, index services and data services, NSE said in a statement.

The exchange said it has contributed Rs 14,003 crore to the exchequer for Q1 FY25. Of this, STT/CTT (Commodities Transaction Tax) comprised Rs 12,054 crore, stamp duty (Rs 1,018 crore), GST (Rs 362 crore), Sebi charges (Rs 333 crore) and income tax (Rs 236 crore).