New retail investors are from Tier II and III cities, demat accounts see a spike
According to the Securities and Exchange Board of India (SEBI), close to 6.3 million new DEMAT accounts were opened in the last 9 months, tallying the total count to 44.46 million.
Market
The year 2020 will go down as a year when the world was brought to its knees by a tiny microbe that left a trail of death and destruction, devastating economies but it will also be the year when human enterprise and science offered hope in otherwise a trying time.
Markets, too, have had their share of the good, the bad and the ugly. Retail investors are a happy lot and more so those who entered the D-Street in 2020. The Nifty50 has already rallied more than 11 percent this year to record highs from March lows it has jumped more than 70 percent.
Edelweiss witnesses 70% Y-O-Y rise in active user base through EMT app equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.