Decision taken on the basis of assessment of accounts where it has not been updated yet, says Sebi
Appointing a nominee is vital as it protects the family of a person who has passed away from a lot of hassles
Some brokers were opting out on behalf of investors who hadn't submitted choice of nomination and whose trading accounts will become inactive after March 31 if they don't exercise their choice by then
Regulator proposes to beef up listing obligations and disclosure norms
2.2 mn new accounts added in January, highest since August last year
Nearly 2.2 mn new accounts added despite turbulence in the market
The number of demat accounts rose to 10.6 crore in November 2022, a sharp surge of 39 per cent on yearly basis, Economic Survey 2022-23 said on Tuesday. However, the incremental additions of demat accounts have been on a declining trend during FY23 relative to FY22, probably because of the increased volatility in the secondary market and subdued primary market performance, amid prevailing global headwinds during the current financial year, it added. During FY23 (till November 2022), 1.71 crore demat accounts were added as compared to 2.2 crore demat accounts during the year-ago period. As per the survey, the number of demat accounts was at 10.6 crore in FY23 (till November 2022) from 7.66 crore at the end of November 2021, registering a growth of 39 per cent. Market experts attributed the growth in demat to attractive returns from the equity markets, ease of account opening process and increased financial savings. The Indian stock market saw a resilient performance, with the bluec
The number of demat accounts rose to 10.8 crore in December 2022, a surge of 34 per cent on yearly basis, on attractive returns from the equity markets, ease of account opening process and increased financial savings. Also, the incremental account additions of such accounts were higher in December in comparison with the preceding three months, however, below the financial year 2021-22 (FY22) average run-rate of 29 lakh. The incremental additions of such accounts were 21 lakh in December 2022, compared to 18 lakh each in October and November and 20 lakh in September, according to an analysis by Motilal Oswal Financial Services. This decline is mainly due to volatility seen in 2023 on account of Russia-Ukraine war, high-interest rate environment and rising inflation and hawkish US Federal Reserve policies, Nistasha Shankar- Head PRS Equity Research, Yes Securities, said. Also, a lesser number of new initial public offerings (IPOs) hitting markets in 2022 compared to 2021 has also ...
About 1.8 million new accounts added, 20% below monthly average for calendar 2022
The number of demat accounts rose to 10.4 crore in October, 41 per cent higher from a year earlier, on attractive returns from the equity markets, even as incremental additions of such accounts have been on a declining trend for the past few months. According to an analysis by Motilal Oswal Financial Services, incremental additions of demat accounts have been continuously declining since August. The additions stood at 26 lakh in August, fell to 20 lakh in September and further dropped to 18 lakh in October 2022. The incremental addition in dematerialised (demat) accounts was 36 lakh in October 2021. The primary reason for the declining trend in additions of new demat accounts is the market volatility seen in the current calendar year due to global factors and relative under-performance of broader markets compared to frontline indices, said Roop Bhootra, CEO Investment Services, Anand Rathi Shares and Stock Brokers. Lesser number of new initial public offerings (IPOs) hitting market
Regulator issues fresh guidelines for unpaid securities
Not just the demat account tally fell in October, trading activity too softened
Market observers say brokerages have become less aggressive chasing clients, given the high cost of acquisitions and growing inactivity among retail investors
Cash market turnover up 41% from June lows; derivatives logs fresh all-time high
The country's demat account tally topped the 100 million-mark for the first time, in August. Over 2.2 million new accounts were opened last month
The tally was less than 41 million before Covid-19 pandemic
Sebi, in a circular on Friday, said that the decision was taken "considering the benefits of block mechanism"
1.8 mn new accounts added last month, compared to 2.7 million during first half of this year
The recovery proceedings have been ordered against Chandrakant Bhargav Gole to recover Rs 5.74 crore collected by the company
The Centre should privatise all PSBs, except the State Bank of India, a report by NCAER said. Read more on these in our top headlines