BSE touches record milestone of over 7 crore registered users
This milestone is a testament to BSE's efforts to bring more investors especially from the retail side on the exchange platform
BSE, India’s leading exchange and the world’s fastest Exchange has crossed the milestone of 7 crore registered users based on Unique Client Code (UCC) on June 7, 2021. BSE also reported that the journey from 6 crore to 7 crore users took just 139 days, as compared to 241, 652 and 939 days needed for the previous milestones of 6 crore, 5 crore and 4 crore, respectively.
Of the 7 crore users, 38 per cent fall in the 30-40 age group bracket, followed by 24 per cent in 20-30 and 13 per cent in the 40-50 age bracket. The growth has been fuelled by tech savvy young users, with an age profile of 20-40, who contributed 82 lakh of the 1 crore user additions from 6 crore to 7 crore. Besides, the market capitalization of BSE-listed companies recorded a new high cruising at over Rs 227 lakh crore post touching USD 3 trillion mark on May 25, 2021.
Maharashtra and Gujarat are the two states that lead in terms of investors with share of 21.5 per cent and 12.3 per cent of the total 7 crore investors, followed by Uttar Pradesh at 7.5 per cent and Karnataka and Tamil Nadu at 6.1 per cent each. In terms of absolute numbers, Maharashtra added 19.44 lakh registered investors with a growth of 15 per cent and Gujarat added 7.35 lakh investors with a growth of 9 per cent.
BSE has always strived hard to promote investment behaviour by spreading awareness and onboarding new investors in all areas.
Over the last few years BSE has been working with members for e-enabling customers with a less-paper ecosystem and on-boarding through an easy and hassle-free digital process. To take advantage of the covid induced stock market crash in March 2020, followed by a gradual recovery later on, thousands of retail investors have embraced equities for the first time during the Covid-19 pandemic in India, as seen from the rapid growth of registered investors since April 2020.