There is an important news for investors with demat or trading accounts. In fact, such account holders have been advised by the depositories to complete KYC by July 31. If any investor does not do this work then the accounts will become inactive.
Circular came in April: Actually, in the month of April, Central Depository Services (CDSL) and National Securities Depositories Limited (NSDL) had issued a circular. In this, it was said to update the KYC details before July 31. Investors have to provide name, address, mobile number, PAN number, email id and income range in the KYC details.
The trend of investors increased in the stock market: Let us tell you that the trend of investors towards the stock market has increased during the Corona period. This is confirmed by the latest data of the major stock exchange NSE. According to NSE, more than 50 lakh new investors have been registered on its platform in less than four months during the current financial year.
2.5 times year-on-year growth: NSE said in a statement that during this period, there has been a 2.5 times year-on-year growth in the registration of new investors. 8.5 lakh new investors were registered during April-July 2019. In April-July 2020, this figure increased to 20 lakhs and in the current financial year till July 25 to more than 51.3 lakhs.
Over 45 crore investors: NSE said that 36 per cent of these investors are from northern states, 30 per cent from western states, 22 per cent from southern states and the remaining 12 per cent from eastern states. Let us tell you that 53 percent of the new registrations are from outside the top five states. The total number of registered investors on NSE has crossed 4.5 crores.
