54% of stock market investors belong to these 6 states

India's stock market has experienced a significant boom in investor numbers over the past decade, with over 50% of registered investors hailing from just six states, according to recent data from the National Stock Exchange

As of January 31, 2024, India boasted a staggering 87 million investors, marking a significant surge from the 17.9 million recorded in March 2015, reflecting a 389% increase in less than a decade.

Uttar Pradesh emerged as a frontrunner in this surge, witnessing a big rise in investor numbers. Currently, UP accounts for 10.7% of the total investor base, up from 6.9% in FY14, with around 9.36 million investors as of January 2024, a substantial increase from 1.24 million in March 2015. This surge propelled UP to overtake Gujarat in November 2022, securing the second spot in the nation's investor landscape.

Leading the pack, Maharashtra retains its position as the state with the highest number of investors, with a share of 17.4%. Following Maharashtra, UP, Gujarat, West Bengal, Karnataka, and Rajasthan collectively contribute to nearly 54% of India's registered investors.

Further analysis reveals Tamil Nadu, Madhya Pradesh, Andhra Pradesh, Delhi, and Bihar following closely, each boasting a significant investor base ranging from 3.59 million to 4.86 million.

Breaking down the regional distribution, North India leads with 31 million registered investors, trailed by West India with 28 million, South India with 18 million, and East India with 10 million. This regional breakdown underscores the widespread participation in stock markets across the country.

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