Total number of demat accounts increased to 118m in May’23: Motilal Oswal Financial Services

New demat accounts rose 33% MoM in May with 2.1m additions vs. 1.6m additions in Apr’23

This figure is in line with the average new account additions per month in FY23

After declining for 10 consecutive months, the number of active users on NSE improved to 31.25m in May