NEW DELHI: Although the number of retail investors on Dalal Street are increasing with every passing month, the latest data from the Reserve Bank of India shows a dip in the number of active traders in both stock exchanges – BSE and NSE. Zerodha CEO Nithin Kamath said the number of monthly active users in the Indian stock market is less than one crore, much less than what most people expected it to be.
“Monthly active users (MAU) on Indian capital markets from the 2022 RBI financial stability report. This is the first time I am seeing this data in public. MAUs
Monthly active users(MAU) on Indian capital markets from the 2022 RBI financial stability report. This is first t… https://t.co/hB8b3Nj0wF
— Nithin Kamath (@Nithin0dha) 1656588350000
The RBI report pointed out that from January 2020 to May 2022, the number of Demat accounts of individuals has increased by 3.4 times in the Services Limited () and by 1.5 times in the National Securities Depository Limited (NSDL).
Individual investors’ participation in stock exchanges has increased significantly since the onset of the COVID-19 pandemic and registration of new investors on exchanges is reaching beyond metropolitan centres and big cities, it said.
Earlier last month, Kamath had said that although India has 9 crore demats, they aren’t unique. “The unique count is ~6 crore. But active demats with holdings above Rs 10k are less than 3 crore. This is in line with the ~3.4 crore unique MF investors—despite the MF Sahi hai and other campaigns,” he had said.
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