6 months ago
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With the addition of 31 lakh accounts, the total number of Demat accounts rose to 15.1 crore in March, revealed a report by Motilal Oswal. The total number of Demat accounts has been consistently on the rise from having 11.4 crore users since March 2023.
CDSL maintained its market share in terms of total Demat accounts and saw a month-on-month increase. However, NSDL experienced a decrease of 390 basis points in total market share and 570 basis points in incremental Demat accounts on a year-on-year (YoY) basis.
Performance of key discount brokers
Zerodha reported a 0.9% MoM increase in client count to 73 lakh, with market share declining 20bps to 17.9%. Upstox reported a 0.6% MoM increase in client count to 25 lakh, its market share declined 10bps to 6.2%. Groww’s client count increased by 3.8% MoM to 95 lakh, while its market share rose 50bps to 23.4%.
Performance of key traditional brokers
ICICI Securities (ISEC) reported a 1.3% MoM decline in its client count to 18 lakh, with a 15bp decline in market share to 4.5%. IIFL Securities’ client count increased 0.3% MoM to 4 lakh, with a market share of 1.1%.
NSE active clients rose for the ninth consecutive month. The number of active clients at NSE increased 1.8% MoM to over 4 crore in March. Currently, the top five discount brokers account for 63.8% of the total NSE active clients vs. 59.9% in March 2023. However, NSE's total Average Daily Turnover (ADTO) declined by 7% MoM.
The total ADTO decreased by 5% MoM (but increased by 95% year-on-year) to Rs 4,61,00,000 crore, with F&O ADTO falling by 5% and cash ADTO dropping by 16% MoM.
BSE saw an 8% MoM increase in total ADTO, driven by growth in F&O volumes. BSE's market share in the total cash turnover segment improved to 8.5% in March from 8.3% in February. Additionally, BSE's market share in the total options notional turnover segment and options premium turnover segment improved to 17.5% and 7.2%, respectively, in March.
MCX saw total volumes rise MoM to Rs 26,80,000 crore in March, with OPTFUT volumes increasing by 5.7% to Rs 2.34 crore. Overall ADTO volumes increased by 10.3% month-on-month to Rs 13 lakh, led by an 11% increase in OPTFUT ADTO volumes.
FUTCOM ADTO increased by 6% MoM, primarily due to a significant rise in gold ADTO by 101.5%, and silver ADTO declined by 32% MoM.
Options ADTO volumes rose by 11% MoM, driven by a 306% increase in gold ADTO and an 8% increase in crude oil ADTO, while silver declined by 65% MoM.
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