Average 1.4 lakh investor A/Cs added each month in last 1 year

With growing capital markets and business friendly climate, nearly 1.4 lakh investor accounts were opened on an average every month in the last one year. Together, the total number of demat accounts on the country's two depositories -- NSDL and CDSL -- stood at 2.37 crore at the end of June this year as against 2.2 crore in the same period last year.

This implies an addition of 16.64 lakh accounts or an average of 1.39 lakh accounts a month. The National Securities Depository Ltd (NSDL) and the Central Depository Services Ltd (CDSL) allow investors to deposit securities by opening an account. The securities such as shares, debentures and bonds of investors are held in electronic form (dematerialised form) at the depositories. As per latest data, the total number of investor accounts at NSDL stood at nearly 1.4 crore, as on June 30, 2015, against 1.32 crore in the same period year-ago. CDSL reported 98 lakh investor accounts for June-end, this year -- an addition of about 9.5 lakh accounts over 89 lakh accounts in the same period last year.

During June 2013- June 2014 period, a total of 8.3 lakh demat accounts were registered on the depositories. According to market analysts, the number of demat accounts has seen a rise in past year on account of positive stock market sentiments, more initial public offers (IPOs) and digitisation of new securities classes like insurance. 

In the last 12 months beginning July 1, 2014, the benchmark BSE Sensex as well as NSE Nifty has risen about 9 per cent. "Regulators have also emphasised and directed depository participants towards simplified demat account opening processes to improve inclusiveness and increase participation in markets," Yes Bank group president and country head (Liabilities Mgt Cards And Direct Banking) Chitra Pandeya said.