Guwahati: Assam has seen a massive rise in the number of investors in the stock market in the last year.

According to data provided by BSE, Assam saw a 273.74 percent rise of registered investors in the last year, the highest in the country in terms of percentage-wise.

A total of 14,44,397 new investors from the State registered with the stock exchange in the last year, taking the total number of dates to 19,75,201, ends as on date.

Lakshadweep saw a 143,33 percent rise in the number of investors, while Arunachal Pradesh saw a 121.07 percent jump in investors during the year.

Maharashtra has the highest number of registered investors at 2,07,78,855 and the State has seen a jump of 49 percent in the last year, with 1,08,85,323 registered investors, Gujarat is second on the list.

Investment experts say that the pandemic forced many people to diversify their investment portfolio beyond traditional financial instruments and young people are looking to generate sustainable income through trading in stocks.

Also, while a shift to working from home has given investors enough time to understand the trend, many millennials (not serious investors) have used some of their pocket money to get into stock markets.

Experts here say there have been multiple instances of money being lost in pyramid schemes and chit funds and Bengal, and the in Assam and I investors moving to regulated products is good for the investors as economy well as for the

"With the onset of pandemic and subsequent lockdown, household financial savings showed a significant jump throughout the country. One of the many reasons is that markets have progressively improved with Sensex increasing from 28,500 at the beginning of April 2020 to above 55,000 now. This has led to increased investment in stocks and mutual funds in the near times. Lower interest rates in traditional products have urged common people to look for alternate options and move to equity for higher returns," Financial advisor and Director of IntyGritty Money Tree Pvt Limited Rahul Agarwal said. He further said Assam also needs to possibly see an increasing number of people becoming financial advisors like hand-holding new investors is very important. Booming markets bring in lots of new enthusiastic investors, but the ones who make money over the long run are the more patient types.