The Central Depository Services Ltd (CDSL) experienced a remarkable influx of new investor accounts, with nearly 3.9 million openings in June. Complementing this growth, the National Securities Depository (NSDL) also saw a significant addition of 0.4 million new accounts.
When compared to the previous months, the investment landscape demonstrated impressive momentum. In May, the total number of accounts opened reached 4 million, while April witnessed a noteworthy 2.6 million new account openings.
This surge in demat account registrations across both the CDSL and NSDL platforms underscores the heightened interest and participation of Indian investors in the country's thriving equity markets.
In a remarkable display of financial dynamism, India's equity markets have reached new heights, captivating the attention of both domestic and global investors. The recent surge in demat account openings, a record-breaking 4.3 million in June alone, underscores the remarkable enthusiasm of Indian retail investors.
"The total number of demat accounts in India surged past 160 million for the first time in June," said an industry expert, reflecting the nation's growing commitment to investment and wealth creation.
The Central Depository Services Ltd (CDSL) witnessed the addition of nearly 3.9 million new investor accounts, while the National Securities Depository (NSDL) welcomed an additional 0.4 million. This impressive growth, compared to the 4 million accounts opened in May and 2.6 million in April, paints a picture of a vibrant and dynamic investment landscape.
Fueling this surge is the remarkable performance of the Indian equity benchmarks, with the Sensex rallying 3% in June and the BSE Midcap and Smallcap indices gaining 4% and 8%, respectively. Furthermore, seven companies successfully raised a collective ₹3,629 crores from public issues, further bolstering the confidence of both domestic and international investors.
"In the past, the number of new demat accounts has crossed the 4 million monthly mark only three times," noted a financial analyst. "February saw around 4.3 million demat accounts opened, while December 2023 and January 2024 witnessed 4.2 million and 4.6 million new accounts, respectively."
This remarkable growth in demat account openings underscores the unwavering faith of Indian investors in the country's economic potential. As the Indian equity markets continue to soar, reaching new milestones, the surge in demat accounts serves as a testament to the nation's flourishing investment culture and the determination of its citizens to build a more prosperous future.
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