New investor additions to markets fall 11.6% in November (MoM): NSE report

Mumbai (Maharashtra) (India), Dec 21 (ANI): The pace of new investor additions to equity markets slowed in November, registering a month-on-month drop of 11.6 per cent, as only 13.2 lakh new investors joined the market during the month, according to a National Stock Exchange (NSE) report.

The report stated that the registered investor base by the end of November 2025 was 12.3 crore, representing an addition of 13.2 lakh investors in November.

After two straight months of sequential gains, moderation in November signaled a cooling in the pace of investor onboarding.

“Additional momentum eased during the month, falling 11.6 percent MoM after two consecutive months of sequential gains,” the NSE report said.

According to the NSE, new investor registrations have shown a downward trend for most of CY2025, barring the May-July and September-October periods. Global headwinds and market uncertainty weighed on sentiment, leading to a more cautious approach from potential first-time investors.

The report highlights the changing pace of investor base expansion over the past two years. After crossing the 9-crore mark in February 2024, the total number of registered investors increased to 10 crore by August 2024 and 11 crore by January 2025, with each additional crore added over a period of five to six months.

However, in 2025 this pace slowed down significantly. It took nine months for the investor base to grow from 11 crore to 12 crore, reflecting the impact of volatile global conditions on market participation.

Between January and November 2025, the NSE added an average of 12.8 lakh new investors per month, resulting in an increase of 1.4 crore investors during the period.

This was a sharp slowdown compared to the same period last year, when the average monthly addition was 19.3 lakh investors, translating to a total addition of 2.1 crore.

The report also provides a regional breakdown of investor participation. North India remains the leader with 4.5 crore registered investors by November 2025. This is followed by West India with 3.6 crore investors, South India with 2.6 crore and East India with 1.5 crore.

On a year-over-year basis, investor participation has increased in most regions. All regions recorded growth above 15 percent in November except West India, which saw a relatively slower expansion of 11.6 percent year-on-year.

Overall, the NSE report shows that while India’s equity investor base continues to expand, the pace of new additions has moderated in 2025 amid global uncertainties.