Page 4 - Demat Accounts
Demat accounts up 41% to 10.4 cr in Oct; incremental additions slowing down
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
 "Demat accounts up 41% to 10.4 cr in Oct; incremental additions slowing down")
Transfer pay-outs to client's demat account within a day, says Sebi
Regulator issues fresh guidelines for unpaid securities
 "Transfer pay-outs to client's demat account within a day, says Sebi")
1.77 million new Demat accounts added in Oct, second-lowest this year
Not just the demat account tally fell in October, trading activity too softened
 "1.77 million new Demat accounts added in Oct, second-lowest this year")
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
Trading volumes soar as demat tally surpasses 102.5 million accounts
Cash market turnover up 41% from June lows; derivatives logs fresh all-time high
Top Headlines: Roadmap to advance economy, 100 mn demat accounts, and more
The country's demat account tally topped the 100 million-mark for the first time, in August. Over 2.2 million new accounts were opened last month
New milestone: Demat accounts surpass 100 million for the first time
The tally was less than 41 million before Covid-19 pandemic
Sebi moves to safeguard demat accounts through block mechanism
Sebi, in a circular on Friday, said that the decision was taken "considering the benefits of block mechanism"
 "Sebi moves to safeguard demat accounts through block mechanism")
Markets up, but demat openings moderate in July in continuing trend
1.8 mn new accounts added last month, compared to 2.7 million during first half of this year
Sebi orders attachment of bank, demat accounts in Ramkrishna Electro case
The recovery proceedings have been ordered against Chandrakant Bhargav Gole to recover Rs 5.74 crore collected by the company
 "Sebi orders attachment of bank, demat accounts in Ramkrishna Electro case")
Top Headlines: Demat account openings in June, PSB privatisation, and more
The Centre should privatise all PSBs, except the State Bank of India, a report by NCAER said. Read more on these in our top headlines
 "Top Headlines: Demat account openings in June, PSB privatisation, and more")
At 1.79 million, demat accounts opened in June fewest since Feb 2021
The total demat count now stands at 96.5 million, with 16 million new accounts getting added during the first half of 2022 - higher than 12.4 million added in the first half of 2021
Sebi extends last date for implementation of new pledging system to Sept 1
Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"
Demat a/cs maintained by stock brokers need to be tagged by June-end: Sebi
Credit of securities will not be allowed in any demat account left untagged from July 1 onwards. However, credits on account of corporate actions will be permitted, the Sebi said in a circular.
LIC's mega Rs 21,000-cr IPO does little to lift demat tally in May
The pace was down by almost 750,000 when compared to January when over 3.4 mn new accounts got added
 "LIC's mega Rs 21,000-cr IPO does little to lift demat tally in May")
Angel One demat customers cross 10 mn; base doubles in over 12 months
On an annualised basis, the gross addition grew by 108.7 per cent in the 12 months ending May 2022, the city-based securities firm said in a statement on Monday
After FII, will retail investor flows into equity market also shrink?
Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag
 "After FII, will retail investor flows into equity market also shrink?")
LIC IPO: 12 million policyholders have demat accounts, says report
The LIC has set a price band of Rs 902-Rs 949 per equity share. The government intends to raise Rs 21,000 crore through the issue
 "LIC IPO: 12 million policyholders have demat accounts, says report")
Demat account tally jumps 63% to 89.7 million in FY22, shows data
Experts say, however, that pace of additions may moderate going ahead
CDSL becomes 1st depository with 60 million active demat accounts
Central Depository Services (India) on Tuesday said it now has more than six crore plus (60 million) active demat accounts.
 "CDSL becomes 1st depository with 60 million active demat accounts")