Demat accounts in India surge to 175 million as NSE active clients hit 47.9 million: Report

Active clients on the NSE saw a rise, climbing by 2.4% month-on-month to reach 47.9 mn in September

Active clients on the NSE saw a rise, climbing by 2.4% month-on-month to reach 47.9 mn in September
Active clients on the NSE saw a rise, climbing by 2.4% month-on-month to reach 47.9 mn in September

Stock trading hits high, demat accounts surge

The number of demat accounts in India has surged to 175 million as of September, up from 171 million in August, according to a report released on Friday. This increase reflects the Indian stock market‘s strong performance, outpacing its global counterparts.

Active clients on the National Stock Exchange (NSE) also saw a rise, climbing by 2.4 percent month-on-month to reach 47.9 million in September. The report by Motilal Oswal Financial Services highlighted that new account additions jumped by 4.4 million in September, with an average of 4 million new accounts added monthly in the current fiscal year.

The top five discount brokers have consolidated their position, now accounting for 64.5 percent of total NSE active clients, up from 61.9 percent during the same month last year. Central Depository Services Limited (CDSL) has continued to gain market share in terms of total demat accounts, while National Securities Depository Limited (NSDL) experienced a loss of 410 basis points in total market share for demat accounts year-on-year.

Notable changes in client counts among online brokerages were also reported. Zerodha saw a 1.1 percent increase in its client base, reaching 8 million, though its market share fell slightly to 16.6 percent. Meanwhile, Groww reported a 3.1 percent increase in clients to 12.3 million, boosting its market share to 25.6 percent. Angel One and Upstox also experienced client growth, with Angel One increasing its count by 3.1 percent to 7.4 million and Upstox rising by 1.5 percent to 2.8 million.

ICICI Securities reported a client count of 1.9 million, experiencing a slight dip in market share to 4.2 percent.

In terms of trading activity, the overall average daily turnover (ADTO) rose by 7.1 percent month-on-month to Rs.538.6 lakh crore. The report indicated that futures and options ADTO increased by 7.2 percent, while cash ADTO saw a decline of 3.8 percent.

These figures underscore a growing interest in equity markets among Indian investors, marking a significant trend in the country’s financial landscape.

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