Demat Accounts
- 11 Crore Demat Accounts
- Youth Towards The Stock Market
- 22 Lakh New Accounts In A Single Month
- Declining Active Users
Demat Accounts:
The Number Of People Investing In The Stock Market Has Increased Significantly These Days. Mainly The Youth Are Inclined To Invest In Equity. The Number Of Demat Accounts Has Increased Tremendously Due To The Increase In Technology. The Number Of New Accounts Is Increasing Every Month. In January This Year, The Number Of Demat Accounts Reached 11 Crores. What Are The Reasons Why People Want To Invest In Equity Market?
Demat Accounts: A Demat Account Is A Must For Investing In The Stock Market. Earlier, Opening A Demat Account Was A Long Process. But, That Is Not The Case Now. In January 2023, The Number Of Demat Accounts Reached 11 Crores. On An Annual Basis, It Has Increased By 31%. The Main Reason For This Is Good Returns in Equity Markets, Easy Account Opening And Increased Financial Savings. The Number Of New Accounts Opened in January Was Higher Than In The Last Four Months Of The Previous Year. However, This Is Less Compared To 29 Lakh New Accounts In The Financial Year 2021-22.
A Total Of 22 Lakh New Demat Accounts Were Opened In January 2023. 2022, Motilal Oswal Financial Services Said That 21 Lakh New Accounts Were opened in december, 18 lakh in October, And 20 Lakh In September. According To This Data, The Number Of New Demat Accounts Has Increased From 8.4 Crore in January 2022 to 11 Crore By January 2023. New Accounts Reported A 31% Growth.
Financial Experts Say That The Availability Of Technology For Easy Opening Of Demat Accounts, The Expected Returns And Also The Financial Literacy Of The People Has Not Increased. On The Other Hand, it is Revealed That Mainly The Youth Are Turning Towards Trading Which Is Causing The Increase In New Accounts. However, The Number Of Active Clients In The National Stock Exchange NSE Has Been Decreasing For Seven Consecutive Months As Demat Accounts Are Increasing, He said. Active Accounts Declined By 3.4 % In January. On An Annual Basis, The Total Number Of Active Users Has Increased By Only 2.7 %. Although New Accounts Are Increasing, Active Users Are Decreasing.
Currently The Top 5 Discount Brokerage Firms in The Market Are Zerodha, Angel One, Grove, ICICI Securities and IIFL Securities. According To The Report, The Number Of Active Users on the NSE Was 59.3% In December Last Year, But It Decreased To 59.2% By January. On The Other Hand, The Capital Market Sentiment Turned Negative In January. On A Monthly Basis, The NSE Benchmark Index Nifty Fell By 2.9% In January.
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