The number of demat accounts rose to 10.4 crores in October, around 41% higher than last year. However, the additions dropped to 18 lakh this October as compared to the same time period last year, according to an analysis by Motilal Oswal Financial Services. As per PTI reports, incremental additions of demat accounts have been … Read more
Shares of Nifty 50 constituent – – traded ex-split and ex-bonus on Tuesday. In case you hold the scrip in your demat account as of the record date, you will be eligible for both these corporate actions. The NBFC in July this year announced a 1:1 bonus share issue. The ex-date for the same is … Read more
The number of demat accounts jumped to 11.45 crore, recording a growth of 43% in the last one year, according to the BSE registered investors data. Analysts say most of the traction came through mutual funds, which has shown consistent inflows in monthly SIP contribution. SIP inflows hit a record high of ₹12,693 crore in … Read more
The Insurance Regulatory and Development Authority of India (Irdai) has mandated dematerialisation of new insurance policies by December this year. Dematerialisation means transforming physical documents into a modifiable online format. Further, Irdai has asked all insurance firms to dematerialise existing and old policies by December next year. The insurance company will pay for all the … Read more
The number of demat accounts were 100.5 million as of 31 August, crossing the 100 million mark for the first time. A demat account is needed to buy and sell stocks. A little more than 71% of these accounts have been opened with the Central Depository Services Ltd and the remaining with the National Securities … Read more
In August, the number of demat accounts in the nation surpassed 100 million for the first time in India. Finance Minister Nirmala Sitharaman made the announcement on micro-blogging site and stated, “A large part of growth over the past two years has come from tier-2 and tier-3 cities.” According to data supplied by depository companies, … Read more
FM Nirmala Sitharaman said that while the necessary stimulus for growth would continue, her ministry and the RBI would work on a pathway to maintain the growth momentum for the next 25 years in order to make India an advanced economy. The country’s demat account tally topped the 100 million-mark for the first time, … Read more
The country’s demat account tally topped the 100 million-mark for the first time, in August. Over 2.2 million new accounts — most in four months — were opened last month, taking the cumulative figure to 100.5 million, according to data released by depository firms National Securities Depository Limited (NDSL) and Central … Read more