An average of four million demat accounts have been added every month since 2024.
There has been a tremendous increase in the number of demat account holders in the country. According to the data of the depository, more than four million (40 lakh) new demat accounts have been added in August. The increase in the total demat accounts of India continues. Data from the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) showed that the total number of demat accounts in the country increased by more than four million to 171.1 million (17.11 crore) in August. According to the news of IANS, the number of demat accounts increased due to record IPOs in August.
An average of 4 million demat accounts were added every month
According to the news, last month, 10 companies raised about Rs 17,000 crore through IPOs. An average of four million demat accounts have been added every month since 2024. About 3.2 crore demat accounts have been opened in the first eight months of the current year. The reason for the opening of a large number of demat accounts is also the new IPOs in this calendar year. From the beginning of the year 2024 to August 31, more than 50 companies have raised Rs 53,419 crore through IPOs.
Opening demat accounts to participate in IPO
A study conducted by the Securities and Exchange Board of India (SEBI) said that a large number of investors are opening demat accounts just to participate in IPOs. The study said that almost half of the demat accounts used for IPO applications from April 2021 to December 2023 were opened after the pandemic. The stock market has given excellent returns to investors in the year 2024.
stock market this year
If we look at the trend of the stock market, Nifty has jumped by about 15 percent since the beginning of this year and 27 percent in the last one year. Sensex has jumped by 13 percent since the beginning of this year and 24 percent in the last one year. The reason for the rise in the Indian stock market is the strengthening of the economy. India’s GDP growth rate is estimated to be 8.2 percent in the financial year 2023-24, which is estimated to be 7.2 percent in the financial year 2024-25.
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