Demat account openings rise in May, total count at new high of 118.2 mn

2.1 mn new accounts added, up 32% MoM from 1.6 mn in April, and in line with previous 12-month average of 2 million

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

Sundar Sethuraman Mumbai

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The buoyancy in the markets has been boosting new account openings at brokerages. In May, 2.1 million new dematerialised accounts–required for trading and holding shares in an electronic format—were opened

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First Published: Jun 7 2023 | 4:41 PM IST

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