Demat accounts cross 15-crore mark for first time after 31 lakh additions in March
Demat accounts rose to 15.1 crore in March, revealed a report by Motilal Oswal. The total number of Demat accounts has been consistently on the rise from having 11.4 crore users since March 2023.
CDSL maintained its market share in terms of total Demat accounts and saw a month-on-month increase. However, NSDL experienced a decrease of 390 basis points in total market share and 570 basis points in incremental Demat accounts on a year-on-year (YoY) basis.
Performance of key discount brokers
Zerodha reported a 0.9% MoM increase in client count to 73 lakh, with market share declining 20bps to 17.9%. Upstox reported a 0.6% MoM increase in client count to 25 lakh, its market share declined 10bps to 6.2%. Groww’s client count increased by 3.8% MoM to 95 lakh, while its market share rose 50bps to 23.4%.
Performance of key traditional brokers
ICICI Securities (ISEC) reported a 1.3% MoM decline in its client count to 18 lakh, with a 15bp decline in market share to 4.5%. IIFL Securities’ client count increased 0.3% MoM to 4 lakh, with a market share of 1.1%.
NSE active clients rose for the ninth consecutive month. The number of active clients at NSE increased 1.8% MoM to over 4 crore in March. Currently, the top five discount brokers account for 63.8% of the total NSE active clients vs. 59.9% in March 2023. However, NSE's total Average Daily Turnover (ADTO) declined by 7% MoM.
The total ADTO decreased by 5% MoM (but increased by 95% year-on-year) to Rs 4,61,00,000 crore, with F&O ADTO falling by 5% and cash ADTO dropping by
