Home / Markets / News / At 6.1 mn, pace of demat account additions slowest in 10 quarters in Q2FY23

At 6.1 mn, pace of demat account additions slowest in 10 quarters in Q2FY23

Market observers say brokerages have become less aggressive chasing clients, given the high cost of acquisitions and growing inactivity among retail investors

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

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The highest growth — both in percentage as well as absolute terms — was during Q3FY22, when both the Nifty50 and Sensex had hit their lifetime highs

Samie Modak

2 min read Last Updated : Oct 06 2022 | 11:13 PM IST

The number of dematerialised (demat) accounts added during the September quarter for the 2022-23 financial year (Q2FY23) was the slowest since Q1FY21.

During Q2, 6.1 million new accounts got added, taking the total tally to 102.6 million. At 6.3 per cent quarter-on-quarter (QoQ) increase, the growth was slowest since the lockdown-hit Q1FY21, which had logged 5.7 per cent QoQ growth. In absolute terms, the growth was lowest since Q4FY21 when 5.3 million new accounts were added.

The highest growth — both in percentage as well as absolute terms — was during Q3FY22, when both the Nifty50 and Sensex had

Topics : Stock Market demat accounts Demat Retail investors

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