InvestorQ : Is it true that CDSL has been seeing a sharp increase in demat account openings during the lockdown?
diksha shah made post

Is it true that CDSL has been seeing a sharp increase in demat account openings during the lockdown?

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Riya Dwivedi answered.
2 months ago
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There is an equity cult that is catching on in Indi and if you want evidence of that you must look at the demat accounts that are being added. Of the two depositories, CDSL has been more aggressive in adding new depository accounts, so let us look at their numbers.

ICDSL has just crossed the 2.50 crore demat accounts, which is a record number of demat accounts. More interesting is the progress. It had touched the 1 crore demat accounts in 2015, after a gap of 16 years. It has gone from 1 crore to 2.5 crore in less than 5 years.

What is more interesting is that demat accounts have grown from 2 crore to 2.50 crore in just last 7 months since Jan-20. Clearly, the lockdown has made a lot of young millennials more active in the markets and apps give them that independence and DIY approach.

CDSL is also likely to be a big beneficiary of the new margining system. Since now pledging of shares as margin is mandatory, CDSL has gone ahead and proactively cut the pledging costs by nearly 90% to capture a chunk of the market share.

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