Demat accounts grow to 10.6 crore in November

By adding 18 lakh new accounts, the total number of Demat accounts in India has now increased to 10.6 crore in November, 37% higher from a year earlier. According to a report by , incremental additions of Demat accounts remained flat over the last two months

The incremental addition in Demat accounts was 34 lakh in November 2021, the report stated.

At present, the top five discount brokers account for 59.1% of overall NSE active clients, up from 58.9% in October 2022. Zerodha remained the top broker with a 24 bp rise in market share to 18.3%; however, it reported a 0.5% MoM decline in its client count to 66 lakh.

Angel One reported a 0.4% MoM increase in its client count to 42 lakh, with a 26 bp rise in market share to 11.8%, whereas, Upstox reported a 5.9% MoM decline in its client count to 42 lakh, with a 50 bp drop in market share to 11.6%.

reported a 3.8% MoM decline in its client count to 28 lakh, with a 16 bp drop in market share to 7.8%, while reported a 13.4% MoM decline in its client count to 8 lakh, with a 29 bp contraction in market share to 2.2%.

retained its overall market share of 72% concerning incremental Demat account additions, NSDL’s market share improved to 21% from 17% in October 2022.

“Overall average daily turnover (ADTO) saw a jump of 89% YoY but was higher by just 2% MoM to Rs 146 trillion on the back of a flattish trajectory in F&O ADTO. Cash ADTO jumped 17% MoM but declined 18% YoY to Rs 616 billion, the brokerage said.

Within the retail segment, cash ADTO increased 23% MoM to Rs 296 billion, while F&O ADTO was flat at Rs 58 trillion, it added.