CosmicTaco

India's Demat Accounts Surpass Populations of Major Countries

CosmicTaco · 2024-09-05T11:28:01.998153+05:30

- In August, 42.3 lakh new demat accounts were opened, bringing the total to 17.11 crore. - This addition was slightly lower than July's 44.44 lakh but much higher than August 2023's 31 lakh. - India's demat accounts now exceed the populations of Russia, Ethiopia, Mexico, and Japan. - The total demat count is close to Bangladesh's population, ranking ninth globally. - Since January 2023, over 6 crore new demat accounts have been added, showing a growing interest in equity investing among Indian households. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/earnings/demat-count-exceeds-population-of-russia-mexico-japan-12814777.html)

In August, 42.3 lakh new demat accounts were opened, bringing the total to 17.11 crore.
This addition was slightly lower than July's 44.44 lakh but much higher than August 2023's 31 lakh.
India's demat accounts now exceed the populations of Russia, Ethiopia, Mexico, and Japan.
The total demat count is close to Bangladesh's population, ranking ninth globally.
Since January 2023, over 6 crore new demat accounts have been added, showing a growing interest in equity investing among Indian households.

Source: Moneycontrol