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Demat account openings hit a record of 14.2 million in FY2021 April 29 2021Stock Market Trading

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Amidst the global pandemic and market disruptions, Indian investors opened 14.2 million new demat accounts in FY2021 which is the highest record. It is almost three times the number in the previous fiscal year. According to data from National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL), 4.9 million demat accounts were opened in FY2020, compared to a three-year average of 4.3 million in the three fiscal years beginning in FY2018.

Investors are shifting their investments from conventional instruments like gold, real estate, and bank deposits to alternatives like stocks, as indicated by the creation of 1.9 million demat accounts in March 2021, which is the largest monthly rise ever.

Trading in the share market is not possible without a demat account. One needs to open a demat account in order to trade in the market. To invest in securities such as stocks and bonds, an investor opens a dematerialized or demat account with a depository participant (DP). All the shares are stored digitally.

As markets made a robust rally in FY21 after the crash following the national lockdown in March last year, appetite for stock trading increased. People started recognizing stock market as an opportunity to explore.

The covid-19 outbreak was a big influx point for the broking industry as a whole, and we saw record demat account openings as a growing number of millennials began to seek dual or multiple income streams, and the stock market appeared to be a good investment choice.

Share markets are known to be complex and clinical in nature. Due to the increased availability of information and easy access to internet, the millennials and new-age investors are well aware of the market conditions and market volatility.

Though demat account has hit the highest number of account openings, it is expected to increase furthermore in the near future.

Open demat account with  Indira Securities instantly and experience the best full-service platform for trading in Central India. 

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Jyoti Singh. Email: compliance@indiratrade.com. Call : 0731-4797275