The number of demat accounts is set to increase to 108 million in December 2022, a 34 percent increase from a year ago. According to an analysis by Motilal Oswal Financial Services, the incremental account growth in December 2022 was 2.1 million compared to 1.8 million in November 2022.
Though the additions were higher than the previous three months, the number remained below the FY22 average run-rate of 2.9 million.
cdsl It has maintained an overall market share of 72 per cent. with respect to growth demat account Further, the market share of NSDL is set to increase from 20.9 per cent to 21.3 per cent in November 2022.
has declined nse Active accounts that continue to slow down. Active user customers in the industry grew 12% year-over-year to 35 million. However, it fell 1% month-on-month. This was the sixth consecutive month of decline and the intensity of the decline was maintained in December 2022 at 0.68m accounts.
Currently, the top five discount brokers account for 59.3% of NSE’s total active clients, up slightly from 59.1% as on November 22.
on a monthly basis, zerodha Upstox reported a 0.2% decline in its subscriber count to 6.6m, a 32bp increase in market share to 18.7%, while Upstox reported a 7.1% decline in its subscriber count to 3.9m, a 32bp increase in market share 10.9% with 61bp decline.
Retail F&O strengthened from strong volatility, with India’s VIX rising to 14.8 in December 2022 from 13.8 in November 2022. This translated into strong traction in volumes on exchanges with a 30% jump in total ADTO as compared to November 2022.
However, customer addition activity was sluggish at an average of 2.9 million in FY22 with incremental demat accounts at 2.1 million in December’22.
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