MUMBAI: Premier exchange BSE has added 1 crore registered investor accounts to its platform between June 6 and September 21, taking the total to over 8 crore in a span of just 107 days.
On June 6 this year, the exchange had said that its registered user base has crossed the 7 crore (70 million) mark, which was an addition of 2 crore registered investor accounts in 12 months (since May 23, 2020).
Commenting on the achievement of crossing 8 crore registered investor accounts on Tuesday, BSE MD and CEO Ashish Kumar Chauhan said that equity investments, be it directly or through mutual funds, have hit the ground in the last one-and-a-half years due to several reasons. is achieving. Globally, and also the domestic market is following this world trend.
The head of Asia’s oldest exchange also advised investors to be cautious while entering the market saying that it is important for every investor to be careful and understand in detail the companies, processes and instruments in which they invest or planning to do business.
Recalling the major milestone, he said the exchange had only 10 million investor accounts in February 2008, which increased to 20 million by July 2011.
It took almost three more years for BSE to take it to 3 crore in January 2014, and then cross the 4 crore mark in August 2018.
It crossed the 5 crore mark in May 2020, 6 crore on 19 January 2021 and 7 crore on 6 June 2021.
It crossed the 8-crore mark on September 21, 2021, making it the fastest addition – just 107 days.
However, BSE did not specify how many of these investor accounts are active or only for mutual fund investments, as most of the trading volume is on rival exchange NSE.
The BSE benchmark Sensex has also been on a song in recent weeks. After the pandemic-induced bloodshed in March 2020, the index has risen over 110 per cent and is trading above the 59,000 mark.
The Sensex has risen from 57,000 to 58,000 in three sessions from August 31 to September 3 and crossed the 59,000 mark in eight days on September 16. The Sensex crossed the 50,000 mark in January this year itself.
With this, India is now the world’s sixth-largest stock exchange, having overtaken France for the first time in market capitalization, with the benchmark Sensex rising over 23.85 per cent or 11,389.83 points so far this year.
The market capitalization of companies listed on the BSE rose to $3.54 trillion, or Rs 260.78 lakh crore, on September 16.
Standalone and online-only brokerages such as Zerodha, Upstox, Angel Broking and Sharekhan, and institutional players such as ICICI Securities, HDFC Securities and Kotak Securities have also seen a huge jump in their investor accounts.
The most valuable markets are the US ($51 trillion), China ($12 trillion), Japan ($7.5 trillion), Hong Kong ($6.5 trillion) and the UK ($3.51 trillion).
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