Will a halt to bull run end brokers’ honeymoon with retail investors?
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NSDL crossed the 2 crore mark in demat accounts, riding on the surge in retail investor participation since last March.
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NEW DELHI: No matter whether you made money in the breakneck stocks rally in last one year or not, brokers definitely got richer at a much faster clip, thanks to a surge in trading volume. But that period of stupendous growth might be getting over.
CDSL, which provides depository services, added over 1 crore investors in the last one year. It now has 3 crore demat accounts. Its rival NSDL crossed the 2 crore mark in demat accounts, riding on the surge in retail investor participation since last March.