Overall ADTO declines MoM as new demat accounts rise: Motilal Oswal
In May 2024, demat account additions surged by 36 lakh, but the overall average daily turnover (ADTO) in the financial markets declined by 3% to Rs 433 lakh crore. While F&O ADTO decreased by 3%, cash ADTO rose by 5.5%. Active users on NSE increased to 4.29 crore.
Even as surged by 36 lakh in May 2024, with an average monthly addition of 31 lakh since April 2023, the overall () declined 3% MoM to Rs 433 lakh crore, said a report by domestic brokerage firm Motilal Oswal.The F&O ADTO witnessed a decline of 3% while the was up by 5.5%. Further, the number of increased to 4.29 crore in May 2024 from 3.12 crore in May 2023.
As of May 2024, the total number of demat accounts increased to 15.8 crore with Groww reporting the highest MoM increase of 4.4% in its client count to 1.04 crore, followed by Angel One reporting a 2.9% MoM increase in its client count to 65 lakh.
Zerodha reported a 1.5% MoM increase in its client count to 75 lakh, with a 20 bps fall in its market share to 17.5%.
The number of active clients on NSE increased 2.6% MoM to 42.9m in May 2024 as per the report by Motilal Oswal and currently, the top five account for 64.1% of total NSE active clients vs 59.6% in May 2023.
The total number of demat accounts increased to 15.8 crore in May 2024, wherein continued to gain market share in terms of the total number of demat accounts and increased its overall market share MoM, stated Prayesh Jain, analyst at Motilal Oswal.
On a YoY basis, NSDL lost 400bp/440bp market share in total/incremental demat accounts, Jain added.
Total ADTO for BSE increased 18% MoM (led by growth in F&O volumes) whereas the same for NSE declined 7.8% MoM.
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“On MCX, the overall ADTO increased 13% MoM to Rs 1.8 lakh crore as options ADTO increased 14% MoM and Futures ADTO increased 7.7% MoM, led by an increase in Silver ADTO (3% MoM) and Natural Gas ADTO (44% MoM),” said the domestic brokerage firm.
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Source: Stocks-Markets-Economic Times
