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Demat account additions flat at 31 lakh in April. Overall tally rises to 15.40 crore

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The number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Motilal Oswal Financial Services (MOFSL).

Moreover, NSE‘s active clients increased sequentially by 2.6% to 4.18 crore in April, the press note said further.

Central Depository Services (CDSL) continued to gain market share in April in terms of the total number of demat accounts and also an increase in the market share on a MoM basis. Meanwhile, NSDL lost 400 bps and 470 bps in market share in total and incremental demat accounts on a year-on-year (YoY) basis.

Top five discount brokers widened their YoY lead with traditional discount brokers in terms of active clients on the NSE, reporting 63.9% share in the month gone by versus 60.1% they reported in April 2023.

As for the performance of key discount brokers is concerned, Zerodha reported a 1.5% MoM increase in its client count to 74 lakh with a 20 bps fall in market share to 17.7%. Meanwhile, Groww reported a 4.1% MoM increase in its client count to 99 lakh with a 30 bps rise in market share to 23.7%.Angel One on the other hand, reported a 3.1% MoM increase in its client count to 63 lakh, with a 10 bps rise in market share to 15.1%. Upstox reported a 1.5% MoM increase in its client count to 26 lakh with a 10 bps fall in market share to 6.1%. In case of traditional brokers, ICICI Securities reported a 0.9% MoM increase in its client count to 19 lakh with a 10 bps fall in market share to 4.5%. IIFL Securities reported a 1.1% MoM increase in its client count to 4 lakh, with a market share to 1.1%.In April, Central Depository Services (CDSL) continued to gain market share in terms of the total number of demat accounts and also an increase in the market share on a MoM basis.

Meanwhile, NSDL lost 400 bps and 470 bps in market share in total and incremental demat accounts on a YoY basis.

Total average daily turnover (ADTO) of BSE F&O declined 3% MoM and was up by 84% YoY to Rs 446 lakh crore, with F&O ADTO declining 3% MoM and cash ADTO increasing 6% MoM.

Total ADTO from BSE increased 6% MoM led by growth in F&O volumes whereas the total ADTO for NSE declined 5.1% MoM. On a MoM basis, market share of BSE in the total cash T/O segment declined to 6.7% in April 2024 versus March where it stood at 8.5%.

BSE’s market share in the total option’s notional T/O segment and options premium T/O improved to 19.1% from 17.5% in March 2024 and to 9.8% from 7.2% in March 2024, respectively.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Sromplexport offers international trade services, including product sourcing, quality control, logistics, and customs clearance. Our ethical and transparent approach simplifies the import/export process for clients in various industries.

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