Indian Retail Investors Discover Wealth in Equities
Dalal Street Investment Journal|November 06, 2023
The average Indian appears to have discovered equity as an asset class to build and grow their wealth. Opening the gates to a steady surge in wealth creation is the equity market, which has demonstrated incredible resilience despite the recent global events. The National Stock Exchange (NSE) and its benchmark index, Nifty 50, are at the heart of this quest with the numbers revealing that retail investors are seeking out equities as a viable investment option like never before. The number of unique registered investors on the NSE has crossed 8 crore (unique PAN numbers), indicating that retail investors are flocking towards equities at a remarkable pace.
Indian Retail Investors Discover Wealth in Equities

The last 1 crore unique registered investors were added in just the past eight months. Moreover, the first six months of the current financial year saw 76 lakh new investor registrations, vis-a-vis 1.3 crore in FY23, 1.9 crore in FY22 and 0.90 crore in FY21. The growing affinity for equities arises from a synergy of many factors – a thriving Indian economy, a vibrant capital market with myriad products for retail investors, political stability, technological advancements and global integration. It reflects the vision of a ‘Golden Age’ where the fruits of a prosperous and inclusive India are reaching citizens all over the country.

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