Demat accounts gain currency in FY2020 as retail investors took to equities
- Total demat accounts at the end of fiscal 2020 stood at 40.8 million, up from 35.9 million as of March 2019
- Last year saw the steepest fall in Indian equities in 11 years. Sensex and Nifty lost 23.8% and 26.03% respectively in FY20
Indians are increasing their exposure to equities, indicating a shift from traditional investment assets such as gold and bank deposits.
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