Cult of equities rising as CDSL opens record 1.09 crore demat accounts in a quarter

CDSL has become the first depository to have total demat accounts at over 11.56 crore.

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26 Aug, 2025 12:21

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Listed depository company CDSL has registered a record 1.09 crore new demat accounts in the fourth quarter for FY24, taking the total number of accounts in fiscal year to over 3.26 crore, the company stated in its earnings filing to the stock exchange.

This is the highest ever quarterly registration of demat accounts for the company. With this, CDSL has become the first depository to have total demat accounts at over 11.56 crore.

"We remain committed to empowering market participants with digital services like ASBA, e-AGM, eDIS, and Margin pledge mechanism, MD and CEO Nehal Vora said.

Several market participants were quick to note the quarterly addition of demat accounts, which was converted to roughly 1.3 lakh accounts being opened per day, on an average. Complete Circle's Gurmeet Chadha said this trend will get stronger, with big contribution coming from Tier II and III towns in the next 2-3 years.

Shares of CDSL ended higher by over three percent in trade on May 6, and YTD by 19 percent. In last one, the share price of CDSL has more than doubled. This rise is backed by a bullish sentiment across the board, with Nifty50 registering a 22 percent growth in last one year, while the broader market gauge - the NSE Midcap index was higher by over 55 percent in last one year.

The operating income and net profit both doubled YoY in Q4FY24, underscoring a strong growth in the cult of equities among retail investors. Experts attribute this surge to rising popularity among young investors, and a growing affinity towards equity as an asset class. The rising culture of SIP too has helped add to the record number of demat accounts.

What has helped this trend are strong economic fundamentals, improved earnings outlook, expectations of political stability and a reined-in inflation, according to analysts.