NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Demat accounts surge by 26% YoY to 12.97cr in September
    Next Article
    Demat accounts surge by 26% YoY to 12.97cr in September
    This marks the second consecutive month with incremental additions surpassing 30 lakh

    Demat accounts surge by 26% YoY to 12.97cr in September

    By Rishabh Raj
    Oct 09, 2023
    10:14 am

    What's the story

    The number of demat accounts in India has surged by 26% year-on-year, reaching 12.97 crore in September, mainly due to the appealing returns from local equities.

    Data from NSDL and CDSL showed that over 30.6 lakh demat accounts were opened during the month, a slight decrease from 31 lakh in August.

    Analysts believe the increase is due to the buoyancy in the market, especially in broader markets, and a series of successful IPOs since July.

    Details

    Record-breaking IPOs contribute to growth

    September saw the highest number of IPOs in 13 years, with 14 companies going public and raising a combined amount of around Rs. 11,800 crore.

    This is the highest amount since May 2022 when eight issues raised Rs. 29,511 crore.

    Moreover, SME IPOs experienced a record-breaking surge, with 37 firms opting to get listed and raising over Rs. 1,000 crore. This marks the highest number since SMEs entered the market in 2012.

    What Next?

    Youth's preference for equities fuels trend

    VK Vijaykumar, chief investment strategist at Geojit Financial Services, thinks that the rise in demat accounts since COVID-19 indicates a lasting trend driven by young investors' preference for equities.

    Despite market fluctuations, enticing post-COVID equity returns continue to attract young investors who view market dips as buying opportunities.

    However, Vijaykumar cautions that a major crash could result in heavy losses for many new investors and potentially create a negative situation.

    Insights

    Foreign investors exit amid crude oil surge

    In September, foreign investors withdrew from Indian markets due to a spike in crude oil prices.

    Globally, equities fell with the dollar reaching over a 107 mark and the US 10-year yield climbing to a 16-year high on expectations of higher interest rates remaining elevated longer than anticipated.

    Deepak Jasani, head of retail research at HDFC Securities, stated that with the upcoming September earnings and elections, market volatility and occasional opportunities in both primary and secondary markets are expected.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Stock Market

    Latest

    'Idly Kadai,' 'Kuberaa,' 'Kalam': Check Dhanush's blockbuster lineup Dhanush
    Mohammad Abbas clocks his 49th five-wicket haul in FC cricket County Cricket
    IPL 2025, DC beat PBKS: Presenting Player of the Day Delhi Capitals (DC)
    'Criminal Justice' S04: Cast, plot, and release details Pankaj Tripathi

    Stock Market

    Basilic Fly Studio's IPO grows investor wealth by nearly 180% Initial Public Offering (IPO)
    Nifty makes history, hits 20,000 mark for first time ever Business
    Sensex gains 528 points, Nifty records new all-time high Sensex
    High Net-worth Indians see notable wealth growth in 3 years Mutual Funds
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025