Uttar Pradesh adds 126,000 new investors in April; Maharashtra loses pull

The state with the most people has displaced the state with the largest economy in terms of investor additions.

Uttar Pradesh (UP) added 126,000 new investors in April, reveals National Stock Exchange (NSE) disclosures. This is higher than Maharashtra’s 118,000.

Maharashtra, which is home to India’s financial capital of Mumbai, has traditionally been the biggest source of investors.

UP, which has traditionally had a relatively limited equity culture, though a higher population, grabbed the top spot in February and has now been at higher levels for three months in a row, according to exchange data.

Maharashtra’s 126-million population is around