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The number of demat accounts increased to 162 million (16.2 crore) in June, jumping 4.2 million (month-on-month), a report showed on Thursday. In the current fiscal, the average monthly demat accounts addition has been 3.4 million to date. In June, the Central Depository Services Limited (CDSL) continued to gain market share in terms of the total number of demat accounts, according to the report by Motilal Oswal Financial Services. On a year-on-year basis, the National Securities Depository Limited (NSDL) lost 420 bp/620 bp market share in total/incremental demat accounts, the report mentioned. The number of active clients on the National Stock Exchange (NSE) increased 3.1 per cent (on-month) to 44.2 million in June. Reuters file Currently, the top five discount brokers account for 64.4 per cent of total NSE active clients in comparison to 58.2 per cent in June 2022. Online brokerage Zerodha reported a 2.1 per cent increase in its client base to 7.7 million (on-month), with a 20 basis point (bp) decline in market share to 17.3 per cent. Groww reported a 5.4 per cent increase in its client count to 10.9 million, with a 55 bp rise in market share to 24.7 per cent. Angel One reported a 3.4 per cent increase, said the report. With inputs from IANS Related June saw over 42 lakh new demat accounts amid bullish stock market Adani's woes continue; shares of 3 group companies hit lower circuit on third consecutive day Investor accounts with NSDL, CDSL rise to 2.65 crore Richest Hindu temple Tirupati Balaji to earn Rs. 2,600 crore in revenue this year

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Demat accounts surge, NSE active clients reach 4.42 crore in June 2024

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