new demat accounts: Demat Account boom effect; 13 lakh investors enter the capital market every month – average 13 lakh new demat account added every month in pandemic
- The statistics show that the stock market is a speculation.
- Since April 2020, an average of 13 lakh demat accounts have been opened every month.
- By the end of May 31, 2021, the number of retail investors across the country has reached 69.7 million.
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As per the data released by the Bombay Stock Exchange (BSE), the number of retail investors across the country has reached 69.7 million by the end of May 31, 2021. According to the BSE, an average of 1.3 million new demat accounts have been opened every month since April 2020.
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Notably, the Sensex fell sharply in March last year after the World Health Organization declared the corona epidemic. The index was down 35 per cent. However, since June, the stock market has been waiting for a rebound, it continues today. According to stockbrokers, this has aroused general curiosity about the stock market.
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Of the new demat accounts launched last year, 40 per cent have been opened by BSE brokers. As on May 31, 2021, a quarter of the total investors have started from Maharashtra. 85 lakh 90 thousand demat accounts have been started from Gujarat.
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Uttar Pradesh is in the third position with 52 lakh 30 thousand demat accounts opened so far. 42 lakh 30 thousand accounts have been opened from Tamil Nadu and 42 lakh 20 thousand from Karnataka. 9700 demat accounts have been started from Andaman and Nicobar and 480 demat accounts from Lakshadweep.
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