Informative

Surge in Retail Participation in Capital Market: Economic Survey 2023-2024

Update / Judgement Date

22 Jul 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Stock Market

The Economic Survey 2023-24, presented by Union Finance Minister Nirmala Sitharaman, highlights the significant rise in retail participation in Indian capital markets. Individual investors now account for 35.9% of equity cash segment turnover. The number of demat accounts surged from 1,145 lakh in FY23 to 1,514 lakh in FY24, with the registered investor base at NSE tripling to 9.2 crore by March 2024. Mutual funds saw a 35% YoY growth in AuM, reaching ₹53.4 lakh crore. SIP accounts increased to 8.4 crore, with annual net SIP flows doubling to ₹2 lakh crore in FY24. Retail investment in financial markets reflects smart portfolio diversification.\r

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Surge in Retail Participation in Capital Market: Economic Survey 2023-2024

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