At 31 lakh, active equity investors double in Gujarat in three years

Riding on their calculative yet strong risk appetite and penchant for stock markets, Gujaratis have proved their mettle in stock investments and earnings yet again.

Since the Covid pandemic, the number of active equity investors in Gujarat has doubled to 31 lakh in FY'23, according to data provided by the National Stock Exchange (NSE). In FY'20, the state had 15 lakh active investors.

In fact, investors in the state have outpaced those from across India when it comes to regular trading.

Against 36% investors trading at least once in a year across India, Gujarat has 45% such investors in FY'23.

Better awareness, higher returns, increasing tendency to save money and ease of access through digital platforms are among the key reasons driving investors from Gujarat to remain active in their equity trading.

NSE data reveals that of the 7.25 crore registered PAN accounts, 36% i.e. 2.62 crore traded on the stock market in FY'23. The ratio is higher in Gujarat.

Investment consultants also said that a number of retail investors have begun understanding the market and trading, thanks to ease of access through mobile apps and websites, which has also fuelled the rise in the number of active investors.

Here, 31 lakh registered PAN accounts comprising 45% of the total registered 69 lakh PAN accounts traded at least once in the last financial year.