Total Demat Accounts Increased to 162 million in Jun 2024 said Motilal Oswal Financial Services

Demat Accounts: The country's stock market is continuously attracting investors with great fanfare. Seeing the money being made in equity through mutual funds, investors are rapidly adopting mutual fund investment and for this a demat account is the first requirement. Due to this, the number of people opening demat accounts is increasing at a rapid pace day and night and its result is coming in the form of increasing numbers of demat accounts.

Demat accounts increased to 16.2 crore in June

The number of demat accounts in the country has increased by 42 lakh to 16.2 crore in June. Motilal Oswal Financial Services has informed in the report on Thursday that the total number of demat accounts has increased to 162 million in June 2024. In the current financial year, an average of 34 lakh demat accounts have been opened every month. According to the report of Motilal Oswal Financial Services, the total number of demat accounts in the market share of Central Depositories Services Limited (CDSL) is continuously increasing.

The report said that the market share of National Securities Depositories Limited (NSDL) fell by 4.3% on an annual basis in terms of the total number of demat accounts. The number of active clients on the National Stock Exchange (NSE) increased by 3.1% on a monthly basis and reached 4.42 crore in June.

Top 5 discount brokers have 64.4% of NSE's active clients

At present, the country's top five discount brokers have 64.4 percent of NSE's active clients. This figure was 58.2 percent in June 2022. The reason for opening a large number of demat accounts in India is the increasing inclination of the general public towards the stock market. The Bombay Stock Exchange (BSE) index Sensex has given investors a return of more than 10 percent since the beginning of this year.

Zerodha's client base increased so much

Online brokerage firm Zerodha's client base grew 2.1 per cent on a monthly basis to 77 lakh. Its market share, however, fell by 0.20 per cent to 17.3 per cent.

Groww's client base grew so much

Grow's client base has increased by 5.4 percent to 1.09 crore. Its market share has increased by 0.55 percent to 24.7 percent. Angel One's client base has increased by 3.4 percent.

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