iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Demat account opening spree continues: Over 40 lakh new accounts opened in February

20 Mar 2024 , 11:58 PM

Bulls appear to be drawing large crowds to the market, as the number of new demat accounts surpassed 40 Lakh in February for the third consecutive month.

Last month, 43.5 Lakh new demat accounts were opened, bringing the total number across India to 14.83 Crore. For the third month in a row, February saw a constant increase in new demat accounts over the 40-Lakh threshold. The figure was 40.90 Lakh in December and 46.80 Lakh in January.

Market watchers find it intriguing that the stampede into the market continues unabated in spite of brokerage cautions on high valuations and persistent caution regarding PSU equities, midcaps, and smallcaps. Global issues, like as China's economic slump and the possibility that the US Fed won't raise interest rates soon, complicate matters for a market that is already adjusting to conflicting macroeconomic signals and geopolitical unpredictabilities. Investors worldwide are anticipating the US Federal Reserve's meeting on March 19–20 for guidance on the key policy rates.

To protect investors from a possible meltdown, AMFI, an association for asset managers, recently asked its member fund houses to limit inflows into smallcap and midcap funds. The request was made on February 27 in an unreported letter in response to a message from the Securities and Exchange Board of India (SEBI), the market regulator. A significant inflow of capital into small- and mid-cap funds has sparked concerns about these funds' ability to withstand a severe market downturn. Fund firms have also been instructed by SEBI to give more details regarding the risks connected to these funds.

For feedback and suggestions, write to us at editorial@iifl.com

What are Demat Accounts? Definition, Types, Benefits & Features

Related Tags

  • Demat Accounts
  • India
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.