New investor registrations on the NSE has soared with the exchange getting more than 18 lakh new enrolments during the financial year ended March 2017.
During the last 10 years, investor registration rose five times from around 42 lakh as of March 2006, to reach 2.14 crore as of March 2017. While Gujarat topped the charts, with about 90 per cent of the new sign-ups, southern states including Kerala and Tamil Nadu recorded fall in new registrations, according to NSE data.
“The number of people investing has almost doubled in the retail category in one year, the number of people applying for IPOs has also increased. A similar interest was also witnessed in mutual funds,” Arun Kejriwal, founder at KRIS, an investment advisory firm, said.
