8 Cr Unique Investors On NSE: Zerodha CEO Nithin Kamath Explains The SGB Connection – News18

National Stock Exchange recently announced that there are 15 crore investors registered on the exchange, of which 8 crore are unique. It said the number of new investor registrations reached 1 crore mark on its platform in the last eight months, taking the total to over 8 crore.

Highlighting the latest NSE numbers, Nithin Kamath, co-founder and chief executive officer (CEO) of stock broking platform, Zerodha, underlined that much of this growth has come in the last 3–4 years.

Also Read: Market Milestone: NSE Gets 1 Cr New Investor Registrations In 8 Months, Know Key Reasons Here

According to the NSE, the first six months of the current financial year have seen 76 lakh new investor registrations. The number of new investor registrations stood at 1.3 crore in FY23, 1.9 crore in FY22 and 0.90 crore in FY21.

“The pace of financialization is crazy, and this is in no small part thanks to the exchanges, especially @NSEIndia. This is vital for India to grow,” Kamath said on X.

The CEO also highlighted in the same post that the total Sovereign Gold Bonds (SGBs) issued so far in the current financial year is approximately 10 percent of the total gold imports.

Also Read: Nithin Kamath Clears Air Around Zerodha’s Valuation; Highlights ‘Speculation vs Reality’

He said, “A case in point, this year, total Sovereign Gold Bonds (SGB) issued is ~10% of total gold imports. That’s money staying within the country and not going out. Much of the physical gold lying in vaults does nothing for the economy.

“Since the bulk of the SGBs are bought on the exchanges through brokers, they have potentially introduced many new investors who might invest in other things as well.”

Kamath shared a table which showed that so far in the current financial year 2024, total SGBs worth Rs 11,518.57 crore have been subscribed, as compared to gold imports worth Rs 1,08,548.61 crore.

In the last fiscal year, this figure stood at Rs 6,550.66 crore compared to gold imports worth Rs 2,80,481.73 crore.