Gujarat strikes gold, tops new investors’ charts

For the first time ever, Gujarat signalled its insatiable appetite for equity investments by adding the highest number of new investors in the country this Sep! According to the National Stock Exchange (NSE), Gujarat added a record-breaking 3.02 lakh fresh investors, marking a staggering 135% growth from Aug.

This is the first time ever that Gujarat overtook Uttar Pradesh (2.96 lakh) and Maharashtra (2.60 lakh) to claim the top spot.

The NSE report states, “Gujarat outshined Uttar Pradesh and Maharashtra in Sep 2024, with more than 3 lakh new registrations, capturing 14% of the country’s total.

Uttar Pradesh followed with 2.96 lakh registrations, holding a 13.6% share, while Maharashtra slipped to third with 2.6 lakh registrations and a 12% share.”

Close on Gujarat’s heels, Rajasthan also posted a notable 32.4% month-on-month rise, reaching 1.7 lakh new investors.

Sep was a bullish month for new investors across India, with 21.8 lakh registrations — a robust 11.6% jump from 19.6 lakh the previous month.

While Gujarat made waves with its surge in new investors, Maharashtra held firm as the heavyweight, boasting 1.7 crore registered investors, which accounts for 16.7% of the country’s total investor base.

Uttar Pradesh, not far behind, cemented its place with 1.2 crore investors, representing 11.2% of the total unique investor pool at NSE.

Gujarat followed closely, hitting 91.6 lakh investors and claiming an 8.8% share. Experts are impressed with Gujarat’s feat of adding 3 lakh new investors in just one month, especially given its population size.

With 7.11 crore people, Gujarat punched well above its weight compared to Uttar Pradesh’s 23.70 crore and Maharashtra’s 12.7 crore.