In the current financial year so far, the average monthly demat accounts have stood at 3.4 million.Central Depository Services Limited (CDSL) continued to gain market share in terms of total number of demat accounts in June, Motilal Oswal Financial Services reported.The report noted that on...
According to data from the Central Depository Service and National Securities Depository, 36 lakh new demat accounts were opened in May. Total demat accounts now exceed 16.2 crore.This is the fourth time that new demat openings have crossed 40 lakh in a single month. Earlier this feat was...
The stock market is a place where you can invest or trade in stocks, bonds, mutual funds, IPOs and many other financial instruments. To enter this place for the purpose of building your portfolio and increasing your hard-earned wealth, you will need a Demat account along with a complete KYC.A...
New Delhi, To boost participation of small investors in the stock market, Sebi on Friday increased the threshold for basic facility demat account to Rs 10 lakh from the current Rs 2 lakh.The new guidelines will come into effect from September 1, the Securities and Exchange Board of India...
Thane, Maharashtra's Thane district police have registered a case after a man alleged that someone hacked his demat account and stole shares worth Rs 1.26 crore. An official gave this information on Friday.While the alleged thefts were committed between January 2017 and December 2018, police...
New Delhi, The Education Department seized deposits in bank and demat accounts, besides cash worth about Rs 37 crore, as part of a money laundering investigation against a Mumbai-based financial consultant and his company, who They allegedly cheated investors of Rs 600 million. through a Ponzi...
VMPLNew Delhi [India], June 14: The semiconductor industry is at the heart of modern technology, powering everything from smartphones to electric vehicles. With increasing demand for advanced electronics and ongoing digital transformation, semiconductor stocks have become a focal point for...
Mumbai (Maharashtra) [India], Securities and Exchange Board of India (SEBI) has announced significant changes in the rules regarding submission of 'Choice of Nomination' for Demat accounts and mutual fund folios.With a view to simplify investment processes and improve investor convenience...
New Delhi: Capital markets regulator Sebi on Monday eased rules for existing investors by scrapping the rule of freezing demat accounts and mutual fund folios in case of failure to provide 'option of nomination'.Additionally, investors holding securities in physical form are eligible to avail...
The latest regulation from SEBI is around direct payment of securities into the investor's demat accounts upon purchase.Currently, when investors buy securities, they are credited to the stock broker's pool account by the Clearing Corporation (CC), which in turn transfers them to clients...
New Delhi, Market regulator Sebi on Wednesday issued framework for foreign portfolio investors (FPIs), which will make it easier for such investors to deal with the securities lying in their demat accounts after the expiry of their registration.Under the current rule, foreign portfolio...
New Delhi: Capital markets regulator Sebi on Wednesday proposed increasing the Basic Service Demat Account (BSDA) limit to Rs 10 lakh from the current Rs 2 lakh to promote participation of retail investors in the securities market.A Basic Service Demat Account, or BSDA, is a more basic version...
New Delhi: To increase operational efficiency and reduce the risk of securities of customers, market regulator SEBI on Wednesday decided to make the process of direct payment of such securities into the customer's account mandatory.This will be effective from October 14, the Securities and...
In its latest draft circular, SEBI suggested that it should be made mandatory to ensure that stock brokers segregate the securities of clients so that they are not at risk of being misused.Currently, the clearing corporation first credits the payment to the broker's pool account, which is then...
New Delhi: To increase operational efficiency and reduce the risk of securities of customers, market regulator SEBI on Thursday proposed to make the process of direct payment of such securities into the customer's account mandatory.At present, the clearing corporation deposits the securities...
AT New Delhi [India], April 8: Investing in the stock market can be a journey filled with substantial growth opportunities. This is a path that many people walk but it is mastered by a select few who are conscious of the pitfalls that come along the way. A Dema account, the cornerstone of stock...