Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate. (Illustration: Binay Sinha)
The number of active dematerialised (demat) accounts in the country jumped 63 per cent in the past 12 months to 89.7 million in financial year 2021-22 (FY22), shows data provided by depositories.
The growth was underpinned by factors such as an increase in smartphone usage, easier digital onboarding of customers, and attractive returns delivered by the equity markets. As of March 31, the Central Depository Services (CDSL) managed 63 million accounts with assets under custody (AUC) of Rs 37.2 trillion. Meanwhile, the National Securities Depository (NSDL) handled 26.7 million accounts with AUC of Rs 302 trillion.
In the post-pandemic world, the number of demat accounts have jumped 2.2 times, while combined AUC too has doubled.
First Published: Apr 14 2022 | 10:31 PM IST