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Telangana leads in No. of new investors

The lockdown has seen more people dabbling in the stock market and Telangana has led the trend, clocking a quantum jump in the number of new investors joining the stock rush.

The number of registered investors on the BSE crossed the 5-crore mark this month, at 5.03 crore as on June 7, thanks to new additions of over 23.65 lakh investors during the April-June 2020 quarter.

Among the states, Telangana registered the highest quarterly (11.63 per cent) and annual

(119.83 per cent) rise in the number of investors against the national average of 4.93 per cent and

29.70 per cent growth, respectively.

As per BSE data, the number of registered investors rose by more than 1.15 crore over the last one year.

As online trading is now possible even on mobile phones, the growth in the number of new investors was significant, though on a low base, during the current quarter in states like Telangana (11.63 per cent), Bihar (9.11 per cent), Assam (7.88 per cent), Kerala (7.12 per cent), Madhya Pradesh (6.57 per cent), Odisha (6.53 per cent), Rajasthan (6.51 per cent) and Jharkhand (6.09 per cent). Comparatively, states with a larger investors base, like Maharashtra (4.69 per cent), Gujarat (3.22 per cent) and Delhi (3.91 per cent) recorded a slower rate of growth.

States in the North East are fast catching up in the game, as the rise in new investors, over the previous quarter, is among the highest, though on a smaller base—Manipur

(15.80 per cent), Tripura

(8.12 per cent), Arunachal Pradesh (10.17 per cent), Mizoram (10.98 per cent) and Assam (7.88 per cent).

Registered investors numbers are higher than the total registered demat accounts in the country, as many investors trade with more than one stock broker.

There were in total over

4.28 crore demat accounts registered with the depositories, CDSL (2,23,34,120 as on May 31, 2020) and NSDL

(1,97,47,983 as on April 30). In terms of absolute number, Maharashtra added the highest number of registered investors in the current quarter at 4.90 lakh, taking the state's total to over 1.094 crore, followed by Gujarat, which added 2.17 lakh investors to reach 69.86 lakh.

Uttar Pradesh ranked third in terms of number of registered investors at

35.15 lakh, followed by Tamil Nadu (33.31 lakh) and West Bengal (31.94 lakh).