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Read the full story here- https://www.thelallantop.com/bherant/why-numbers-of-demat-accounts-have-more-than-doubled-in-2-years/
Between April and October 2021, 1.9 crore Demat accounts have been opened. That is, 26.7 lakh new accounts every month. This is the period when the Sensex touched a height of 48 thousand to 62 thousand. Going back a bit, during the first wave of COVID, this recovery from the lower levels was more than 150 percent. Experts say that out of all the new demat accounts opened, three-fourth of the people are below 30 years of age. That is, the boom of the market has attracted a lot of youth. Experts also say that during this period, due to work from home in most cities, employed people were more in touch with family, TV, social media and close ones. This also increased their awareness about the market and they too were eager to engage with it. Watch the video to know more.
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