The Indian stock market continues to exhibit growth on a daily basis, reflecting the increasing confidence of investors. Recent figures indicate a significant rise in the participation of retail investors in the Indian share market. Furthermore, fresh data reveals another reason for celebration. The total number of Demat accounts has surpassed the 15 crore mark for the first time.
Total Demat Accounts Surpass 15.1 Crore
These numbers clearly indicate the substantial increase in the participation of retail investors in the Indian share market. According to a report by Motilal Oswal, in March, 31 lakh new accounts were added, bringing the total number of Demat accounts to 15.1 crores. Looking at the data from March 2023, the total number of Demat accounts has steadily increased from approximately 11.4 crores, showing a gradual upward trend.
Moreover, CDSL has maintained its market share in total Demat accounts, witnessing growth month after month. However, on a year-on-year (YoY) basis, NSDL’s market share is expected to decrease by 390 basis points in total market share and by 570 basis points in growing Demat accounts.
Understanding the Growth
ZeroDha has also recorded a 0.9% month-on-month (MoM) increase in its Demat account holders, with a growth of 73 lakh accounts. On the other hand, the market share of Upstox has decreased by 17.9%, with an additional 25 lakh customers. Consequently, its market share in the industry has decreased by 10 basis points to 6.2%.
The surge in the number of Demat accounts indicates the growing interest of retail investors in the Indian stock market. This trend underscores the increasing democratization of investment opportunities and the expanding reach of financial markets across the country.