@zerodhaonline customers now hold ~ Rs 4.5 lakh crores worth of assets in their demat accounts.
Also, the success of various initial public offerings (IPOs) has lured new investors into the market.In the fiscal year 2024, 3.7 crore demat accounts were registered in India — at an average of over 30 lakh accounts added monthly.
The number of demat accounts opened with both major depositories, the Central Depository Services Ltd (CDSL) and the National Securities Depository Ltd (NSDL), surged by 11.9% year-on-year.
The total tally reached 15.14 crore compared to 11.45 crore in the previous year.In financial year 2022-23, there was an addition of 2.5 crore demat accounts, with a monthly average of over 20 lakh.
This marked a remarkable increase versus 5.5 crore accounts in FY21.Going further back, in FY14, there were 2.2 crore accounts, and the subsequent years witnessed a steady climb — 2.3 crore, 2.5 crore, 2.8 crore, 3.2 crore, 3.6 crore, and 4.1 crore in FY 15, FY16, FY17, FY18, FY19 and FY20, respectively.
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It's unreal how much our markets have expanded post-COVID. @zerodhaonline customers now hold ~ Rs 4.5 lakh crores worth of assets in their demat accounts.
— Nithin Kamath (@Nithin0dha) April 10, 2024
Zerodha CEO Nithin Kamath on Wednesday (April 10) expressed his astonishment at the remarkable expansion of the Indian stock markets following the COVID-19 pandemic.Kamath took to social media platform X to share some insights into the unprecedented growth, revealing that Zerodha's customers now collectively hold assets worth4.5 lakh crore in their demat accounts.The consistent rise in account openings is indicative of the growing investor interest and participation in the financial markets, experts said. Also, the success of various initial public offerings (IPOs) has lured new investors into the market.In the fiscal year 2024, 3.7 crore demat accounts were registered in India — at an average of over 30 lakh accounts added monthly. The number of demat accounts opened with both major depositories, the Central Depository Services Ltd (CDSL) and the National Securities Depository Ltd (NSDL), surged by 11.9% year-on-year. The total tally reached 15.14 crore compared to 11.45 crore in the previous year.In financial year 2022-23, there was an addition of 2.5 crore demat accounts, with a monthly average of over 20 lakh. In FY22, the number was nine crore. This marked a remarkable increase versus 5.5 crore accounts in FY21.Going further back, in FY14, there were 2.2 crore accounts, and the subsequent years witnessed a steady climb — 2.3 crore, 2.5 crore, 2.8 crore, 3.2 crore, 3.6 crore, and 4.1 crore in FY 15, FY16, FY17, FY18, FY19 and FY20, respectively.
