Bombay Stock Exchange Chief Executive Officer (CEO) Ashish Chauhan on Wednesday said the registered investor accounts have reached the 10 crore mark. Recording the second-fastest growth, the accounts reached 10 crore from 9 crore in just 91 days.

It had reached the 9-crore mark on December 15, making the journey from 8 crore to 9 crore in just 85 days. BSE had completed 1 crore investor accounts in 2008.

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Ashish Chauhan wrote on Twitter “@bseindia reached a landmark of 10 crore (100 million) registered investor accounts. Congratulations India !”

“BSE has reached a landmark of 10 crore (100 million) registered investor accounts today, on March 16, 2022. BSE has always focused on acting as a catalyst for nation-building and capital formation for the country during its 147 years history,” Chauhan said in a statement.

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“The large number of investors who have recently joined Indian capital markets show their confidence in the Indian government, its regulatory agencies and future growth of Indian economy which will help India achieve its goal of creating the US $5 Trillion and beyond,” he added.

The market capitalisation of BSE-listed companies stood at Rs 2,54,45,122.12 crore as of March 16.

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Arunachal Pradesh, Assam, Odisha, Lakshadweep, Madhya Pradesh and Manipur have seen the biggest growth in investor accounts, growing in the range of 100-300% year-on-year (YoY). Assam registered the largest growth at 286%. Nation-wide growth was 58% YoY, according to the Economic Times report.

Maharashtra houses the most number of brokers and exchanges. It has the highest number of clients at 2.06 crore which is almost 21% of the total investor accounts at BSE. Gujarat has the second-highest number of accounts with 1.01 crore accounts, 11% of the total investors.

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According to the data, the major reason behind the growth in the last couple of years has been the inclusion of new investors. Demat accounts have increased almost two folds in the last three years.