Buoyant stock market takes India's unique investor base past 50 million

The count is 30% less than the total demat accounts in the country. This is because several investors have multiple demat and trading accounts with more than one broker

The country’s investor count has crossed 50 million, the country’s top bourse National Stock Exchange (NSE) said on Monday. The unique investor count is 30 per cent less than the total dematerialised (demat) accounts in the country. This is because several investors have multiple demat and trading accounts with more than one broker. At the end of September, the total demat accounts with CDSL and NSDL—the country’s main depositories—stood at 70.2 million.

The number of demat accounts have surged by 40 per cent, or 20.4 million this year—many of whom are first-time investors. The sharp jump in investor account has been