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new Delhi. BSE said on Wednesday that the number of registered investor accounts has crossed the 10 crore mark. Secondly, it took 91 days for the accounts to reach from 9 crores to 10 crores, registering the fastest growth.
BSE touched the 9 crore mark on 15 December, completing the journey from 8 crore to 9 crore in a record 85 days. In 2008, BSE had reached only 1 crore accounts.
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BSE CEO Ashish Chauhan tweeted that BSE has reached the landmark of 10 crore (100 million) registered investor accounts. Congratulations India!
Which states have more investors
Manipur, Madhya Pradesh, Lakshadweep, Odisha, Assam and Arunachal Pradesh have seen the biggest growth in investor accounts, growing in the range of 100-300 per cent year-on-year. Assam recorded the biggest increase of 286 per cent. The growth rate across the country was 58 per cent year-on-year.
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Not surprisingly, Maharashtra, which houses the majority of brokers and exchanges, has the largest number of clients at 2.06 crore, or about 21 per cent of the total investor accounts on the BSE. Gujarat ranks second with 1.01 crore accounts, accounting for 11 percent of the accounts.
The main reason behind the growth in the last few years has been the entry of new investors into the market. Data shows that demat accounts have more than doubled in the last three years.
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Tags: BSE, BSE Sensex
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