BSE touches record milestone of over 7 crore registered users
Of the 7 crore users, 38% fall in the 30-40 age bracket, followed by 24% in 20-30 and 13% in the 40-50 age bracket.
New Delhi: BSE, India’s leading exchange and the world’s fastest Exchange has crossed the milestone of 7 crore registered users based on Unique Client Code (UCC) on June 7, 2021. BSE also reported that the journey from 6 crore to 7 crore users took just 139 days, as compared to 241, 652 and 939 days needed for the previous milestones of 6 crore, 5 crore and 4 crore, respectively.
Of the 7 crore users, 38% fall in the 30-40 age bracket, followed by 24% in 20-30 and 13% in the 40-50 age bracket. The growth has been fuelled by tech savvy young users, with an age profile of 20-40, who contributed 82 lakh of the 1 crore user additions from 6 crore to 7 crore. Besides, the market capitalization of BSE-listed companies recorded a new high cruising at over Rs. 227 lakh crore ($3.12 trillion) post touching $3 trillion mark on 25th May 2021.
Shri. Ashish kumar Chauhan, MD and CEO of BSE said, “This milestone is a testament to BSE efforts to bring more investors especially from the retail side on the exchange platform. BSE remains confident that to leverage its increasing reach and capacity for delivery of a wider range of financial products including mutual funds, insurance and so on.”
Maharashtra and Gujarat are the two states that lead in terms of investors with share of 21.5% and 12.3% of the total 7 crore investors, followed by Uttar Pradesh at 7.5% and Karnataka and Tamil Nadu at 6.1% each. In terms of absolute numbers, Maharashtra added 19.44 lakh registered investors with a growth of 15% and Gujarat 7.35 lakh investors with a growth of 9%.
BSE has always strived hard to promote investment behaviour by spreading awareness and onboarding new investors in all areas. Among states, the fastest growth rates from 6 crore to 7 crores registered investor accounts have recorded by Assam (82%), Seven Sister states (30%) and Jammu Kashmir & Ladakh (24%). Among the larger states, Uttar Pradesh has seen the fastest growth by onboarding 9.57 lakh investors with a growth rate of 22%, followed by Rajasthan (6.64 lakh investors/growth of 24%) and Madhya Pradesh (5.84 lakh investors / growth of 29%).
Over the last few years BSE has been working with members for e-enabling customers with a less-paper ecosystem and on-boarding through an easy and hassle-free digital process. To take advantage of the covid induced stock market crash in March 2020, followed by a gradual recovery later on, thousands of retail investors have embraced equities for the first time during the Covid-19 pandemic in India, as seen from the rapid growth of registered investors since April 2020.
Age Profile of Users:
| Users (lakhs) | Date | AGE <= 20 | AGE > 20 <= 30 | AGE > 30 <= 40 | AGE > 40 <= 50 | AGE > 50 <= 60 | AGE > 60 | NA | Total |
| 700.6 | 7-Jun-21 | 5.9% | 24.0% | 38.3% | 12.5% | 7.7% | 9.7% | 1.9% | 100.0% |
| 600.1 | 19-Jan-21 | 4.8% | 24.3% | 36.8% | 13.1% | 8.2% | 10.6% | 2.1% | 100.0% |
| 500.1 | 23-May-20 | 3.9% | 24.3% | 34.7% | 13.7% | 8.8% | 12.0% | 2.5% | 100.0% |
| 400.0 | 10-Aug-18 | 3.4% | 23.6% | 33.0% | 14.2% | 9.2% | 13.6% | 3.0% | 100.0% |
| 300.0 | 14-Jan-16 | 3.0% | 23.0% | 30.5% | 14.6% | 9.4% | 16.0% | 3.5% | 100.0% |
| 200.0 | 8-Jul-11 | 2.5% | 23.3% | 26.3% | 15.3% | 9.5% | 20.3% | 2.8% | 100.0% |
| 100.2 | 2-Feb-08 | 1.9% | 20.9% | 19.9% | 14.9% | 9.4% | 30.5% | 2.6% | 100.0% |
*other include Army post office, international and missing fields.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds and Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.