Mumbai, Sept. 26 -- The National Stock Exchange of India (NSE) has crossed 12 crore unique registered investors (PAN-linked) as of 23 September 2025. The total number of investor accounts, including multiple registrations across members, stood at 23.5 crore.

The pace of growth has accelerated sharply. While it took 25 years for the exchange to reach 4 crore investors in March 2021, the next 8 crore were added in less than five years.

Women account for one in four investors, while the median age has fallen to 33 years from 38 in 2020. Nearly 40% of investors are under 30.

Maharashtra leads with 1.9 crore investors, followed by Uttar Pradesh at 1.4 crore and Gujarat at 1.03 crore. Investor participation now covers 99.85% of India's pin c...