Demat account additions cross 40 lakh for the fourth time in June; NSE active clients are up by 3%

In June 2024, Demat accounts soared to 16.2 crore, a notable increase driven by 42 lakh new additions, the highest monthly rate since February 2024. This represents a 4.24% rise from the previous month and a substantial 34.66% YoY growth, underscoring strong investor engagement in financial markets.

The surge in Demat accounts reflects growing confidence among investors, buoyed by favourable regulatory conditions and evolving market dynamics. Motilal Oswal Financial Services also reported a 3.1% MoM increase in active clients on the National Stock Exchange (NSE), reaching 4.42 crore by June 2024. The top five discount brokers now command 64.4% of total NSE active clients, up from 58.2% in June 2022.

In derivatives trading, BSE's Futures & Options (F&O) average daily turnover (ADTO) jumped 15% MoM, contributing to a 9% overall ADTO increase. NSE's ADTO also saw a robust 17.1% MoM rise. However, total volumes on the Multi Commodity Exchange (MCX) declined by 10.7% MoM to us$ 438.27 billion (Rs. 36.6 lakh crore) in June 2024, with OPTFUT volumes dropping by 9.7% to US$ 376 billion (Rs. 31.4 lakh crore). Despite this, overall ADTO rose by 2.7% to US$ 21.55 billion (Rs. 1.8 lakh crore), driven by increased Options ADTO in commodities like Crude Oil, Natural Gas, and Silver.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.