Demat additions in Jan hit six-month high to take total past 110 mn

Nearly 2.2 mn new accounts added despite turbulence in the market

Over 2.2 million new demat accounts were added in January—the most since August 2022—despite the turbulence in the equity markets.

The total demat tally crossed 110 million, with over two million accounts a month getting added in the past six months, data provided by Central Depository Services (CDSL) and National Securities Depository (NSDL) showed.

“The monthly additions are more or less a stable number now unless markets fall significantly and the word of mouth on the Street is bad,” said Prakarsh Gagdani, CEO of 5 Paisa Capital.

Market players said some retail investors opened new accounts with an intention to