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.

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2 min read Last Updated : Jun 7 2023 | 4:41 PM IST

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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

Topics : Indian markets demat account

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

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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

Listen to This Article

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