Mumbai, 5 March For the third month running, investors opened over four million new demat accounts in February, showing growing household confidence in stock markets and their increased risk appetite.
Over 13.12 million new demat accounts have been opened in the last three months, taking the total count close to the 150-million mark.
Demat accounts are needed for trading and holding shares electronically. The additions in February were slightly less than the previous month but 55 per cent higher than the prior 12-month average of 2.8 million. Last week, NSE said the unique investor count had crossed 90 million for the first time, with the latest 10 million additions coming in the previous five months.
This story is from the March 06, 2024 edition of Business Standard.
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This story is from the March 06, 2024 edition of Business Standard.
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