NSE active client additions rise for third consecutive month; Groww overtakes Zerodha: Motilal Oswal

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₹335 trillion, with strong support from F&O ADTO (up 9% MoM) and ongoing growth in cash ADTO (up 8% MoM). Also Read: Zerodha's Nikhil Kamath unveils ‘WTF Fund’ for aspiring entrepreneurs under 22. Details here With retail F&O ADTO rising 11% MoM and retail cash ADTO growing 9% MoM to ₹357 billion, overall retail ADTO increased 11% MoM to ₹120 trillion.

September saw 3.1 million new Demat accounts, up from an average of 2.1 million per month in FY23. In addition, the number of active NSE users rose for a third month in a row, from 32.7 million in August to 33.4 million in September. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Highest incremental demat account additions since January 2022 The brokerage report states that as of September 2023, there were 130 million demat accounts.

In September 2023, the number of new account additions stayed consistent month over month at 3.1 million, continuing the trend of 2.1 million monthly additions in FY23. “In Sep’23, CDSL continued to gain market share in terms of the total number of demat accounts and also on an incremental demat basis. On a YoY basis, NSDL lost 270bp/560bp market share in total/incremental demat accounts," the brokerage said in its report.

At NSE, there were 33.3 million active user customers as of September, a 1.9% MoM rise. Up from 60.8% in August, the top five discount brokers now represent 61.9% of all active NSE clients. Also Read: Groww overtakes Zerodha as top brokerage with 6.63 million active investors, Upstox distant fourth Zerodha said that its client base had increased by 1.9% MoM to 6.5 million, although its market share remained unchanged at