Overall ADTO declines MoM as new demat accounts rise: Motilal Oswal

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.

Also read:

“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.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)