India's demat accounts surged 26% YoY to 12.97 crore in September, driven by strong local equities and a record number of IPOs.
2
Monthly accountopenings
Over 30.6 lakh demat accounts were opened in September, slightly down from August's 31 lakh.
3
Record IPOsin September
September witnessed the highest number of IPOs in 13 years, raising around Rs. 11,800 crore, while SME IPOs saw a record-breaking 37 firms listed, raising over Rs. 1,000 crore.
4
Young investors' preference
The rise in demat accounts since COVID-19 is attributed to young investors' preference for equities despite market fluctuations.
5
Crash warningfor newbies
However, experts warn that a major crash could result in heavy losses for many new investors and potentially create a negative situation.