Incremental demat a/c additions slip 18% MoM to 16L in April versus 19L in March

The growth rate in incremental demat account additions slowed down by 18% in April, falling to 16 lakh accounts compared to 19 lakh the previous month and 24% lower than the monthly average of 21 lakh for FY2023. The total number of demat accounts increased to 11.6 crore in the same month. CDSL recorded a MoM increase in total and incremental market share, while NSDL’s share declined on a YoY basis. Overall ADTO rose 131% YoY and 3% MoM to Rs 243 lakh crore, driven by increased F&O ADTO. The report also provides information on the performance of key discount and traditional brokers.