CDSL share price: Depository opens record 4 crore Demat Accounts; adds 1 crore in just 6 months-Anil Singhvi says bullish on exchanges, depositories and BFSI
The strong recovery shown by the Indian stock markets since the massive fall during peak of the Covid 19 pandemic last year has attracted retail investors in the equity market in huge numbers.
The strong recovery shown by the Indian stock markets since the massive fall during peak of the Covid 19 pandemic last year has attracted retail investors in the equity market in huge numbers. This has directly benefited Central Depository Services Ltd (CDSL). Amid positive sentiments related to the share market, CDSL said that it has seen retail investors participation almost doubling in the last one year.
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CDSL said that it has created a new record by opening 4 crore demat accounts and claimed it has maximum active accounts. "Interestingly, CDSL had around 1 crore demat accounts in September 2015. It took almost five years to double it to 2 crore in January 2020. The increase in CDSL demat accounts picked up going forward as the CDSL had 3crore active accounts by January 2021. It further rose to 4 crore only by July 2021. These are active accounts where trading is being done on regular basis. Retail investors have contributed the maximum in this CDSL's journey as from 59 to 60 per cent retail investors account in the last year, CDSL now have 70 per cent such accounts," said Devanshi Ashar of Zee Business.
Even top brokerages like Angel Broking and Motilal Oswal have also reiterated in their presentations that retail investors are also keenly participating in futures market now.
Talking about this success and growing retail participation in the share market, Zee Business Managing Editor Anil Singhvi said equity has emerged as very successful asset class and there is no replacement of it as far as profit generation is concerned. It has established this notion successfully that 'there is no alternative' to equities, especially during the last one year.
The Market Guru said he is very bullish on all the exchanges, depositories and Banking, financial services and insurance (BFSI) for the next 10 to 15 years. " One should keep them in their portfolio and forget to generate maximum return out of them in the longer term."
CDSL shares closed at Rs 1,050, up RS 24.80 or 2.42 per cent on NSE on Friday. It has generated over 250 per cent returns for its investors in the past one year.
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