Of 10 cr registered accounts, BSE adds 5 cr investors' in just 2 years—Experts predict greater participation in times to come

From 1 crore registered investors on February 2,2008 to whooping 10 crore registered accounts on March 16,2022, the BSE has come a long way in terms of attracting new investors and contributing towards nation building and capital generation. 

Interestingly, the BSE, the oldest stock exchange in Asia, has added half of the registered accounts in just around two years. Also, the last 1 crore investors were added in a mere 91 days. Between May 3, 2020 and March 16,2022, the exchange opened 5 crore accounts.   

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The shortest time taken to register 1 crore investor was on December 15, 2021, when the BSE investors' base jumped from 8 crore to 9 crore within a span of 85 days.  

Also, it took nearly 5 years or (1651 days) for the BSE to grow from 2 crore registered investors to 3 crore, the longest time to add 1 crore new investors. The BSE crawled from July 8, 2011 to January 14, 2016 to achieve this mark.  

Nevertheless, the journey of BSE between May 2020 to March 2022 has been an exceptional one.  

Celebrating 10 Crore (100 Million) Registered Investor Accounts (UCC) on @BSEIndia @narendramodi @narendramodi_in @PMOIndia @SEBI_India ⁦@FinMinIndia @nsitharaman @ashishchauhan @SameerPatil2019 @NeerajK_ @nayan_mehta @GIRIBSE @athakur111
#BSE100MillionUCC pic.twitter.com/NiZTwe6KwO

— BSE India (@BSEIndia) March 16, 2022

Speaking of the incredible milestone BSE MD & CEO Ashishkumar Chauhan, said the exchange has always focused on acting as a catalyst for nation building and capital formation for the country during its 147 years history.  

"The large number of investors who have recently joined Indian capital markets show their confidence in Indian government, its regulatory agencies and future growth of Indian economy, which will help India achieve its goal of creating a US $5 Trillion and beyond," Chauhan had said on Wednesday after the Asia's oldest exchange clocked 10 crore registered investor accounts.  

"Recent investors' participation is evident, but long way to go..." 

Investors have recently participated a lot in stock markets which were earlier evident from a huge number of accounts being opened by brokerages.  

The stock market penetration in India is minuscule and there is still a long way to go, says Manoj Dalmia, founder and director, Proficient equities Private Ltd. "Exchanges like BSE and NSE which have great track records will play a major role in this journey. BSE, in general, has bought in a lot of innovation, such as BSE’s RFQ platform for debt securities, BSE StAR MF, a direct investment portal for corporates, and Innovation Sandbox web portal," he says.  

"Technology penetration, social media to encourage greater participation" 

The product line signifies the investors perception are changing towards the market, and we may see much more advanced products being introduced in India and greater participation in times to come, Dalmia said. 

Such milestone shows robust growth of retail participation in the capital market, says Ravi Singh, vice President and Head of Research Share India. "Technology penetration, improved financial awareness, advanced online trading tools and easy access to real time price movements has contributed towards this achievement," he says. 

Singh was of the view that with the growing influence of social media and digital infrastructure, this surge in investors' base would continue. 

"BSE gets its rightful position among Global Stock Markets" 

"BSE is the oldest stock exchange in Asia and with this new milestone of 10 crores registered Investors, we feel BSE got its rightful position in Global Stock Markets," said Amit Jain CEO and Co-Founder of Ashika Wealth Management.  

Also, this miraculous number shows that increasingly all Indian are believing in themselves & their own country story, said Jain.  "This is a big accomplishment for the entire BSE team and from Investors confidence prospective," he added. 

Established in 1875, BSE, formerly known as Bombay Stock Exchange, is Asia`s first stock exchange. In 2017, it became the 1st listed stock exchange of India. 

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)