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Demat Account Opening: There is a significant increase in the number of people investing in the stock market and mutual funds in the country and this is evident from the fact that the number of demat accounts is increasing rapidly. year 2023 In May, the maximum number of demat accounts have been opened and its figure has come to 2.1 million i.e. 20 lakh 10 thousand demat accounts, which is a good sign for the stock market.
May 2023 has become the month with the highest number of demat accounts in the country so far this year with 20 lakh 10 thousand demat accounts. This figure has come after a full three months and through this it is expected that the number of demat accounts will be significant in this whole year.
Know more demat account statistics
Demat accounts have come to 118.16 million in May and this shows an increase of 1.8 percent compared to its previous month. On the other hand, if it is compared with the same month of last year, then it is showing an impressive growth of 25 percent. However, in April 2023, there was a decrease in the rate of opening of demat accounts in the country and it proved to be a slow month in this regard. This was the month with the lowest number of demat account opening since December 2020. According to the data of NSDL, CDSL, in April 2023, only 16 lakh demat accounts could be opened in the country.
Why the number of demat accounts is increasing in the country
Financial experts say that the reason behind the increase in the number of demat accounts in the country is that the participation of retail investors in the Indian stock market is increasing. Investor sentiment has improved on the basis of good returns in the stock market in the last two months and more and more retail participation is motivating more investors. Historical data also shows that the performance in the IPO market and secondary market is directly related to the opening of demat accounts.
View Market Data
If we look at the performance of the domestic stock market, the Indian market has outperformed the global market by 4 per cent in April 2023, that is, it has given 4 per cent more returns than the global markets. Whereas in May 2023, this return has been 3 percent more. Analysts believe that due to the stable stance of the Reserve Bank of India’s interest rates, the stock markets will continue to rise and its good impact will be seen on the stock market. Based on this estimate, investors are opening demat accounts to make maximum investment.
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