2.2 Cr out of 10 Crore NSE Investors are Women, says Tirthankar Patnaik
By: WE Staff | Monday, 2 September 2024
Retail investors dominate the Indian stock market, with 2.2 crore out of 10 crore registered NSE investors being women, according to NSE chief economist Tirthankar Patnaik. Over the years, retail investors' strength has increased, leading to continuous growth in the Nifty despite heavy selling by foreign institutional investors and geo-political stress.
During an event organized by the National Stock Exchange (NSE) and the Association of National Exchanges Members of India (ANMI) The NSE Chief Economist mentioned "Since 2015, the number of female investors in the Indian stock market has increased by 6.8 times. About 69 per cent of investors are below the age of 40 years, so more young people have started investing. Indian households have a share of 35 per cent in total trading, Monthly SIP inflow has crossed the Rs 23,000 crore level, which is significant for markets."
The NSE has a 19 crore registered investor base, with over 10 unique accounts. The growth is attributed to key factors like the Know Your Customer (KYC) process, stakeholder-led investor awareness programs, and positive market sentiment. The registered investor base has witnessed a three-time jump in the last five years, due to rapid digitization, investor awareness, and market performance. The growing number of women investors could significantly influence market trends and financial institutions' offerings, closing the gender gap in financial markets and serving as role models for women.