You are here: Home » Markets » News
Business Standard

Capital markets add 24 lakh investor accounts in 2016

In 2015, about 16.7 lakh investor accounts were added in total on the NSDL and the CDSL

Capital Markets

Press Trust of India  |  Mumbai 

investor, invest, money, investment, growth, capital
Photo: Shutterstock

The country's two depositories - NSDL and CDSL - saw the number of investor accounts rising by 24 lakh in 2016, 44 per cent more than a year ago, reflecting investors' growing confidence in domestic bourses.

In 2015, about 16.7 lakh investor accounts were added in total on the National Securities Depository Ltd (NSDL) and the Central Depository Services Ltd (CDSL).

The cumulative number of investor accounts stood at 2.71 crore at the end of December 2016 compared to 2.47 crore in the same period a year ago.

NSDL and CDSL allow investors to deposit securities by opening an account.

The securities such as shares, debentures, bonds of investors are held in electronic form (dematerialised form) at the depositories.

As per latest data with Sebi, total number of investor accounts at NSDL stood at nearly 1.53 crore as on December 31, 2016 against 1.43 crore a year earlier.

CDSL reported 1.18 crore investor accounts at the end of December 2016 -- an addition of about 14 lakh accounts year-on-year.

Together, the total number of demat accounts stood at 2.71 crore, at the end of December, last year -- translating to an addition of 24 lakh accounts from the same period in 2015.

Meanwhile, data showed that the total value of securities in dematerialised form at the depositories stood at more than Rs 126.25 lakh crore at the end of December 2016, a growth of 8 per cent over the same period in 2015.

NSDL registered demat securities worth Rs 112.18 lakh crore while CDSL recorded the value at over Rs 14 lakh crore as on December 31, 2016.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, February 26 2017. 14:17 IST