Demat Accounts Increased: Due to the ongoing boom in the market and good returns, the number of Demat accounts in the country is continuously increasing. Till October, there were more than 13.22 crore demat accounts in the country. This figure is the highest in the last 11 months. Of these, there are about 9.85 crore accounts in Central Depository Services (CDSL) and more than 3.38 crore accounts in National Securities Depository (NSDL). Nearly 2.79 crore demat accounts have increased compared to a year ago.
Midcap and smallcap are giving better returns
According to market experts, there has been a lot of growth in the market since March. Till now midcap shares have given good returns. More changes will be seen this year because midcap and smallcap are giving better returns. Most investors like to invest money in these shares. Since March, Sensex has risen by 9.34 percent and Nifty has risen by 11.24 percent.
Demat accounts will continue to grow
The pace will continue to be visible in the future as compared to last year. The number of investors is still very less. The increase in demat account simply means that the stock market is performing well.
The boom in the share market has been going on since March
Investors have got good profits since March, the effect of which is visible on demat accounts also. Earlier too, the boom in the market has increased the interest of people towards demat account.
Digital apps have a big contribution
Due to the digital revolution, there have been changes in companies too. With the help of technology, companies are increasingly able to provide services to more clients. The digital app has connected new people to the demat account. Because of these apps, even old companies have had to improve their services.
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