
India's capital markets have reached another significant milestone, with the National Stock Exchange (NSE) crossing 26 crore unique trading accounts, reflecting the continued expansion of retail investor participation across the country.
According to an NSE press release issued on Friday, the exchange has surpassed 26 crore unique client codes. The latest 1 crore accounts were added in less than 4 months, highlighting the strong momentum in investor onboarding.
Over the last 12 months, more than 4.3 crore trading accounts have been added, accounting for nearly 17% of the total accounts registered on the exchange. As of May 31, 2026, NSE had more than 13.1 crore unique registered investors, having crossed the 13-crore investor mark in April 2026.
It is important to note that the number of trading accounts exceeds the number of investors because an individual can maintain multiple accounts with different brokerage firms.
While Maharashtra remains the largest contributor with 4.4 crore trading accounts, representing 17% of the total, investor participation is becoming increasingly broad-based across the country.
The top states by trading accounts include:
Maharashtra: 4.4 crore accounts
Uttar Pradesh: 3 crore accounts
Gujarat: 2.2 crore accounts
West Bengal: 1.5 crore accounts
Rajasthan: 1.5 crore accounts
Together, these 5 states account for nearly 49% of all trading accounts on the NSE.
The exchange also highlighted strong growth in northeastern states. During 2025, a significant share of account additions recorded between 2021 and 2025 came from:
Mizoram: 32.3%
Sikkim: 30.0%
Meghalaya: 29.2%
This trend indicates increasing participation from regions that have historically seen lower representation in capital markets.
The NSE attributed the growth in investor accounts to several factors, including rapid digitisation, easier onboarding processes, and sustained market performance.
Mobile trading platforms now contribute more than one-fifth of cash market turnover, while simplified Know Your Customer (KYC) procedures have made investing more accessible.
Market returns have also encouraged participation. Over the 5 years ended June 4, 2026:
Nifty 50 delivered annualised returns of 7.1%
Nifty 500 generated annualised returns of 9.8%
Meanwhile, the market capitalisation of NSE-listed companies expanded at a compound annual growth rate (CAGR) of 12.6% during the same period, reaching ₹462.2 lakh crore.
Retail participation has also been supported by the growing popularity of mutual fund investments through Systematic Investment Plans (SIPs).
As of March 31, 2026, individual investors held 18.7% of the market directly and through mutual funds.
Between April 2025 and March 2026, investors opened 7.2 crore new SIP accounts. Average monthly SIP inflows have increased substantially over the years, rising from ₹3,660 crore in FY17 to ₹29,132 crore in FY26.
The NSE's achievement of crossing 26 crore trading accounts underscores the growing financialisation of household savings in India. Supported by digital access, rising SIP investments, expanding market participation beyond metropolitan cities, and continued investor education initiatives, India's capital markets continue to witness broad-based growth in retail investor engagement.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 8, 2026, 11:35 AM IST

Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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