Demat account additions slow to 24.8 lakh in August
India saw a slowdown in demat account growth in August. Around 24.8 lakh new accounts were added, less than July's 29.8 lakh. Market caution affected investor enthusiasm. Total demat accounts are now over 20 crore, a fourfold increase since 2020. New investors are mainly young individuals from smaller cities.
India saw a slowdown in demat account growth in August. Around 24.8 lakh new accounts were added, less than July's 29.8 lakh. Market caution affected investor enthusiasm. Total demat accounts are now over 20 crore, a fourfold increase since 2020. New investors are mainly young individuals from smaller cities.
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