Demat accounts up 41% to 10.4 crore in October; incremental additions slowing down

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NEW DELHI: The number of demat accounts rose to 10.4 crore in October, 41% 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,…

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