With this, the total account tally has reached 132 million. In the preceding two months, the industry had added over 3 million accounts each month
Move to boost transparency, supervision; small cos exempted
The matter has been listed for a final hearing on November 20
The country's two depository firms, Central Depository Services and the National Securities Depository, added about 3.1 million new accounts
In March, the regulator had extended the deadline from March 31 to September 30
Avoid inheritance hassles for heirs, appoint a nominee
10 IPOs with a prospective fund raise of Rs 8,000 cr will decide August trajectory
Benchmarks Sensex and Nifty50 logged fourth straight monthly gain in June, their longest since October 2021
2.1 mn new accounts added, up 32% MoM from 1.6 mn in April, and in line with previous 12-month average of 2 million
Going forward, experts believe that the growth in new demat accounts will depend on the market trajectory
Business Standard brings you the lowdown on demat accounts, trading accounts and a host of other terms and instruments you will find useful while moving your holdings
The pace of growth was 34.3 per cent, which was lower than that of 2021 which stood at 61.8 per cent
The number of demat accounts rose to 10.4 crore in October, 41 per cent higher from a year earlier, on attractive returns from the equity markets, even as incremental additions of such accounts have been on a declining trend for the past few months. According to an analysis by Motilal Oswal Financial Services, incremental additions of demat accounts have been continuously declining since August. The additions stood at 26 lakh in August, fell to 20 lakh in September and further dropped to 18 lakh in October 2022. The incremental addition in dematerialised (demat) accounts was 36 lakh in October 2021. The primary reason for the declining trend in additions of new demat accounts is the market volatility seen in the current calendar year due to global factors and relative under-performance of broader markets compared to frontline indices, said Roop Bhootra, CEO Investment Services, Anand Rathi Shares and Stock Brokers. Lesser number of new initial public offerings (IPOs) hitting market
Why is India Inc protectionist? Why are global CEOs bullish about India? Will the spike in natural gas prices affect related stocks? What is a demat and a trading account? All answers here
A Demat account is essential to hold and trade your shares, bonds and Mutual Funds. But, there is another account, called the trading account. Find out more about the two accounts and their difference
Stock market has benefitted from retail participation
The tally was less than 41 million before Covid-19 pandemic
Once the ITR 2021-22 is filed, the taxpayer needs to verify their return within 120 days, or it is deemed invalid
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