The sustained market rally in financial year 2023-24 saw a healthy growth in opening of demat accounts, which propelled the total number of such accounts to 15.10 crore till March 2024. New account additions surged to 31 lakh for the month with an average monthly additions of 31 lakh account additions in FY24.
In March, the Central Depository Services Limited (CDSL) continued to gain market share in terms of the total number of demat accounts and also recorded an increase in the market share on a month-on-month (MoM) basis. However, the National Securities Depository Limited (NSDL) lost 390bp/570bp market share in total/incremental…
