The number of Demat accounts in India saw a record increase in September 2024, reaching 17.5 crores. 44 lakh new accounts were opened this month, which shows the increasing interest of investors. Also, the number of active clients on the National Stock Exchange (NSE) has also increased. The strategies of various brokers and the current market situation have a big hand behind this.

Number of Demat accounts

The total number of demat accounts in India reached 17.5 crores in September 2024. 44 lakh new demat accounts were opened in this month.

Average monthly growth

This year in the financial year 2024-25, an average of 40 lakh new accounts were added every month. This number is good and reflects the increasing interest of investors.

Status of CDSL and NSDL

Central Depository Services Limited (CDSL) increased its share in demat accounts. On the other hand, National Securities Depository Limited (NSDL) faced a decline. NSDL's share decreased by 410 basis points year-on-year.

Active Clients on NSE

The number of active clients on the National Stock Exchange (NSE) rose to 4.79 crore. This is a growth of 2.4% month-on-month. The top five discount brokers now account for 64.5% of active clients on the NSE. This is an increase from 61.9% last year.

Client growth of brokers

Many discount brokers reported an increase in their clients.

• Zerodha: 8 million clients, up 1.1%, but its market share remained at 16.6%.
• Grow: 12.3 million subscribers, up 3.1%, and its market share rose to 25.6%.
• Angel One: 7.4 million subscribers, market share of 15.4%, up 3.1%.
• Upstox: Marginal growth of 1.5%, 28 lakh customers, and 5.9% market share.
• ICICI Securities: 19 lakh customers, market share 4.2%.
• IIFL Securities: 5 lakh clients and 1% market share.

Increase in trading volume

Trading volumes also increased. Average daily turnover (ADTO) grew by 7.1% to Rs 538.6 lakh crore.

• F&O ADTO: Increase of 7.2%.
• Cash ADTO: Decreased by 3.8%.

BSE Status

The total ADTO on the Bombay Stock Exchange (BSE) increased by 16%. This was mainly due to F&O volumes. The ADTO on the NSE saw a rise of 4.3%.

Decrease in cash turnover.

However, BSE's market share in the cash trading segment declined from 7.4% in August 2024 to 6.6% in September 2024.

It is worth noting that these figures show that India's financial market is growing rapidly. The increasing interest of investors and the number of new demat accounts prove this.