Dominators versus Dreamers: The Tale of Two Paths in the Market

Since the beginning of FY 2021, the market capitalisation of companies listed on the BSE has surged by approximately Rs 260 lakh crore. What’s particularly encouraging is the fact that retail investors have been significant participants in this growth of wealth. In the same period, retail investors’ share in listed companies—excluding their indirect holdings through mutual funds—has increased from about 8 per cent to 10 per cent. This translates to an increase of nearly Rs 3 lakh crore in retail investor wealth.