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Capital markets add 24 lakh investor accounts in 2016
The country's two depositories - NSDL and CDSL - saw the number of investor accounts rising by 24 lakh in 2016, 44 per cent more than a year ago, reflecting investors' growing confidence in domestic bourses. In 2015, about 16.7 lakh investor accounts were added in total on the National Securities Depository Ltd (NSDL) and the Central Depository Services Ltd (CDSL).
The cumulative number of investor accounts stood at 2.71 crore at the end of December 2016 compared to 2.47 crore in the same period a year ago. NSDL and CDSL allow investors to deposit securities by opening an account.