City
Epaper

Demat accounts surge to 162 mn in June, NSE active clients reach 44.2 mn

By IANS | Updated: July 11, 2024 13:45 IST

New Delhi, July 11 The number of demat accounts increased to 162 million in June, jumping 4.2 million ...

Open in App

New Delhi, July 11 The number of demat accounts increased to 162 million in June, jumping 4.2 million (month-on-month), a report showed on Thursday.

In the current fiscal, the average monthly demat accounts addition has been 3.4 million to date.

In June, the Central Depository Services Limited (CDSL) continued to gain market share in terms of the total number of demat accounts, according to the report by Motilal Oswal Financial Services.

On a year-on-year basis, the National Securities Depository Limited (NSDL) lost 420 bp/620 bp market share in total/incremental demat accounts, the report mentioned.

The number of active clients on the National Stock Exchange (NSE) increased 3.1 per cent (on-month) to 44.2 million in June.

Currently, the top five discount brokers account for 64.4 per cent of total NSE active clients in comparison to 58.2 per cent in June 2022.

Online brokerage Zerodha reported a 2.1 per cent increase in its client base to 7.7 million (on-month), with a 20 basis point (bp) decline in market share to 17.3 per cent.

Groww reported a 5.4 per cent increase in its client count to 10.9 million, with a 55 bp rise in market share to 24.7 per cent. Angel One reported a 3.4 per cent increase, said the report.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Other SportsNot just a tournament, it's a celebration of unity & hope: PM Modi hails staging of Bodoland CEM Cup

BusinessMarket outlook: PMI, auto sales, FII activity, key economic data to drive stock market this week

NationalYSRCP leader detained after tension erupts in Andhra Pradesh’s Anantapur

NationalNot just a tournament, it's a celebration of unity & hope: PM Modi hails staging of Bodoland CEM Cup

CricketRohit Sharma Posts Heartfelt Throwback of 2024 T20 World Cup Victory, Celebrates One-Year Anniversary of Iconic Triumph (Watch Video)

Business Realted Stories

BusinessAAIB also probing sabotage angle in Air India plane crash: Minister

BusinessPM Modi highlights Meghalaya's Eri Silk in Mann Ki Baat, calls it 'Ahinsa Silk'

BusinessRegulatory compliance costs weigh heavily on small businesses; annual burden hits Rs 13-17 lakh: Report

BusinessMP CM Mohan Yadav to hawk state’s investment potential in Gujarat

BusinessIndian cement sector reaches 39.6 million metric tonnes in May, up 9 pc