Bengaluru, 22nd October 2024: The Indian stock broking platform, INDstocks by INDmoney, has hit 6,21,140 active investors, according to data from the National Stock Exchange (NSE) as of September 2024. INDstocks went live in November 2023. Notably, nearly 50% active investor growth is driven recently in the last two quarters, reflecting the broader market momentum and the growing preference for new-age digital investment management platforms.

India has seen a significant rise in retail investor participation, with active Demat accounts reaching over 17 crores placing India on the 9th rank globally in terms of active Demat accounts. Retail investors now constitute nearly 10% of the Indian stock market, as highlighted in the 2023-24 Economic Survey. This upward trend reflects a broader movement, fueled by growing financial market interest and a wave of IPOs attracting both new and experienced investors to pursue equity investments as part of their wealth-building strategies.

INDstocks, part of INDmoney’s broader ecosystem has leveraged the shift toward digital-first platforms, providing a seamless, intuitive experience for stock investing. The platform’s integration of features like instant withdrawals, AI-powered chart patterns, a dividend calendar, and live market updates simplifies the investment process for users, helping both first-time and seasoned investors manage their portfolios efficiently. This user-centric approach, combined with access to diverse financial products like US stocks, mutual funds, and NPS, positions INDstocks as a comprehensive investment solution for today’s digital-savvy investor.

Speaking about this milestone, Ashish Kashyap, Founder and CEO of INDmoney, said: “Our goal has always been to simplify finance and empower every Indian to take control of their financial future with ease and transparency. Launch of INDstocks on INDmoney is in line with this objective of delivering a one stop shop investment solution across Indian stocks, US stocks, Mutual Funds and NPS. The recent milestone of crossing 6.2 lakh active investors on NSE is a testament to the easy and intuitive experience that the team has created for investors.”

While investor participation across the country has grown rapidly, there is further potential for growth. Fintech platforms like INDstocks play an essential role in broadening access to India’s financial markets. By combining a seamless interface with a wide array of financial products, INDstocks empowers a broader demographic to participate in the stock markets. As India’s stock market landscape evolves, INDstocks will continue to drive investor participation and contribute to the financial inclusion of millions of Indians.