Demat accounts surge to 16.2 crore, 42 lakh new accounts added in June: Motilal Oswal

The total number of demat accounts increased to 16.2 crore as of June 2024, with 42 lakh new accounts added in the month at an average monthly addition rate of 34 lakh so far in FY25.

In June 2024, CDSL continued to gain market share in terms of the total number of demat accounts. It raised its overall market share MoM. On a YoY basis, NSDL lost 420 bps and 620 bps market share in total and incremental demat accounts respectively.

Additionally, the number of active users on NSE increased to 4.42 crore in June 2024 from 3.09 crore in June 2023 whereas the overall average daily turnover (ADTO) increased 15% MoM to Rs 499 lakh crore according to a report by domestic brokerage firm Motilal Oswal.

In the overall ADTO contribution, the F&O ADTO rose 15% while the cash ADTO witnessed an increase of 37.5% MoM. Retail cash ADTO rose 33% MoM to Rs 64,600 crore.

NSE active users
The number of active clients on NSE increased 3.1% MoM to 4.42 crore in June 2024, wherein the top five discount brokers account for 64.4% of total NSE active clients vs. 58.2% in June 2022.

Zerodha reported a 2.1% MoM increase in its client count to 77 lakh, with a 20 bps decline in market share to 17.3%, while Groww reported a 5.4% MoM increase in its client count to 1.09 crore, with a 55 bps rise in market share to 24.7%.

Angel One and Upstox currently stand with a market share of 15.2% and 6% respectively.

Among the key traditional brokers, ICICI Sec reported a 0.8% MoM increase in its client count to 19 lakh, with a 10 bps drop in market share to 4.3% and IIFL Securities reported a 0.6% MoM increase in its client count to 4 lakh, with a 5 bps dip in market share to 1%.

Overall ADTO increased
Overall, the ADTO increased 2.7% MoM to Rs 1.8 lakh crore wherein the options ADTO increased 3.9% MoM and futures ADTO declined by 3.8% MoM.

Options ADTO witnessed an increase due to a 3%, 5% and 258% increase in Crude Oil, Natural Gas and Silver ADTO respectively. On the other hand, Gold ADTO declined 46% on a MoM basis.

Futures ADTO declined 3.8% MoM, led by a decline in Gold ADTO (24% MoM). However, silver ADTO and natural gas ADTO increased by 12% and 6% respectively MoM.

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