September demat openings fall to 2.89 million amid selloff
In short
Demat account openings fell to 2.89 million in September, down 11.5% from the month before. But the September quarter still set a record with 9.04 million new accounts.
The reports say the market had its biggest monthly losses in five months, yet investor interest stayed strong because of IPO activity and 135 million unique investors. The exact cause of the drop in openings is not stated.
What the reporting says
September demat account openings fell to 2.89 million, down 11.5% from the previous month, according to Economic Times summaries. The same reporting says the September quarter still saw a record 9.04 million accounts opened, even as the market had its biggest monthly losses in five months. The immediate implication is softer monthly participation but continuing investor interest, supported by IPO activity and 135 million unique investors.
Why it matters
September demat account openings dropped to 2.89 million, an 11.5% decline from the prior month, while the quarter still reached a record 9.04 million accounts, according to the summaries. The reports link continued investor interest to strong IPO activity and 135 million unique investors, even as the market posted its sharpest monthly losses in five months. The source does not state the specific reason for the monthly decline.