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A million new demat accounts opened for third straight month, shows data

The surge in new account openings has been underpinned by the rally in stocks

Experts say aggressive stimulus measures announced by global central banks helped investors look beyond the worst economic outlook in more than 40 years

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September is also expected to see good addition in new accounts

1 min read Last Updated : Sep 27 2020 | 8:38 PM IST

A million new dematerialised accounts were opened for a third straight month in August, taking the total retail accounts tally to 44.46 million. Since the start of the year, close to 6 million demat accounts have got opened, a record for any calendar year, say industry participants.

The surge in new account openings has been underpinned by the rally in stocks. From the Covid-19 lows in March, the benchmark indices had jumped more than 50 per cent. Several individual stocks have more than doubled luring many investors towards direct investing.

Ease of account openings, thanks to

Topics : Coronavirus demat accounts Investors

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