Number of demat accounts in the country crossed 11 crore, 22 lakh new accounts opened in January 2023

Demat Accounts: In January 2023, even though there have been huge ups and downs in the stock market. But the enthusiasm of the investors who want to invest in the market has not cooled down. In January 2023, a total of 22 lakh new investors have opened Demat Accounts to invest in the stock market, after which the number of Demat account holders in the country has crossed 11 crores.

According to the data provided by CDSL and NSDL, the total number of demat account holders in the country has increased to 110 million i.e. more than 11 crores. According to the data, only in the first month of the new year 2023, 22 lakh new demat accounts have been opened, which is the highest after August 2022. Although this is less than in January 2022 when 34 lakh people had opened demat accounts in a single month, which is the highest in the last one year.

Although it is also believed that people wishing to apply for Adani Enterprises FPO opened demat accounts, but it is a different matter that after the research report released against Hindenburg’s Adani group, the company got Rs 20,000 crore. had to withdraw its FPO as the share price of Adani Enterprises had slipped far below the FPO price level.

Let us tell you that it is very important to have a demat account for trading in the stock market. The stock market touched new heights during and after the Corona period and investors made huge money during this period. But most of the people were left behind in capitalizing on this boom. It is being predicted that the stock market will touch new heights in the coming days, in such a situation, investors do not want to be left behind, so there is a rush to open a demat account.

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