New India, May 22 -- National Stock Exchange (NSE) Managing Director and CEO Ashish Kumar Chauhan on Thursday said retail investors in India -- either directly or through Mutual Funds -- have held more money than the Foreign Portfolio Investors (FPIs) over the past 20 years.

Stock market investors' base in India has grown leaps and bounds over the years as increasing number of people are marking their presence in the capital markets.

"For the first time in the past 20 years, retail investors have held more, either directly or through mutual funds, than the Foreign Portfolio Investors (FPIs)," Chauhan told ANI on the sidelines of 16th ASSOCHAM Capital Market Conference.

He further recalled that there were less than 10 lakh investors in ...