look news india
Mumbai: With the addition of 31.20 lakh new demat accounts in March, the total number of demat accounts has crossed 15 crore. The total number of demat accounts at the end of March is 15.14 crore. The number of demat accounts has increased by five crore in a period of 19 months.
Thus, the rapid increase in the number of demat accounts indicates that investors in the country are preferring to invest directly in equities. Data from depositories – CDSL and NSDL show that 3.70 crore new demat accounts were opened in FY 2024.
The figure of 3.70 crore new accounts in the last financial year is the highest ever in any financial year. The stock markets of the country have been continuously improving for the last one year.
Apart from the boom in the secondary market, increase in activity in the primary market in the country has also been responsible for the increase in the number of demat accounts. In the last financial year, a total of 76 companies raised Rs 61,921 crore through public offerings.
Driven by the benefits of listing at higher share prices, more and more investors are turning to IPOs. Ease of opening demat accounts as a result of digitization has also been a reason for the increase in the number of accounts.
The total number of demat accounts at the end of FY2021 was 5.44 crore. In the last four years, demat accounts grew by 65 percent in FY22. After Corona, there was a huge increase in account opening in 2022 following the strategy of earning money sitting at home.