According to a National Stock Exchange survey, women's participation in the Indian stock market is increasing across states, even though the number of younger investors has somewhat decreased. According to research, women's share increased from 25.6 per cent in FY23 to 28.4 per cent in Maharashtra as of June 2025, which is one of the top five states with the highest unique investor registration rates.
In every state, the number of female investors is continuously increasing, from 40 per cent in March 2024 to 39.5 per cent in March 2025 and then to 39 per cent in June 2025. Female participation in Gujarat, which came in second, saw a rise from 26.6 per cent in FY23 to 27.8 per cent in June 2025. Despite having the second-largest investor base in the nation, Uttar Pradesh still has a low female representation rate. Although it is an improvement from 16.9 per cent in FY23, women make up 18.7 per cent of investors, which is less than the national average of 24.5 per cent. However, in more than half of India's states, the proportion of female investors now surpasses the national average, having increased from 44 per cent in FY23.
According to the report, smaller regions are emerging as market leaders in gender inclusion. This trend is led by Goa and followed by Mizoram. The proportion of female investors is higher than the national average, with 32 per cent in Chandigarh, 30.5 per cent in Delhi, and 30.3 per cent in Sikkim. NSE data, however, indicates a minor drop in the number of young investors despite rising female involvement. By June 2025, investor involvement among those under 30 had dropped from 40 per cent in March 2024 to 39 per cent, mostly as a result of fewer new registrations in this age range.
The following factors have contributed to the rise in female investor participation:
Growing Financial Literacy & Awareness: Women are now better equipped to make informed investment decisions thanks to increased awareness and access to financial education via online resources, investment platforms, and financial literacy programs.
Growth Of Digital Investment Platforms: Women now have fewer obstacles to investing thanks to the ease of use of smartphone apps and online trading platforms.
Shifting Social Norms & Growing Financial Independence: As more women join the workforce and complete higher education, they are becoming more financially independent and capable of making their own investing choices.
Government Initiatives & Supportive Policies: Government programs and policies that support women's empowerment and financial inclusion have boosted stock market participation among women.