CDSL's market share in demat accounts has shown a consistent upward trend over the years. Here's a breakdown of the changes:
Overall Market Share:
* In **FY 2018-19, CDSL held 48% of the total demat accounts in India.
* This increased to 52%in FY 2019-20.
* By FY 2020-21, CDSL's market share had grown to 61%.
* It further rose to 70% in FY 2021-22.
* In FY 2022-23, CDSL's market share was 72%.
* As of March 31, 2024 (FY 2023-24), CDSL's overall market share stood at 76%, making it the largest depository in India in terms of the number of demat accounts opened.
* By December 31, 2024, approximately 79% of the total demat accounts in India were registered with CDSL.
* Market Share in New Account Openings:
* In FY 2022-23, CDSL had an 81% market share in new demat accounts opened.
* This increased significantly to 88% in FY 2023-24, with CDSL opening 3.26 Crore net Beneficial Owner (BO) accounts out of the total 3.69 Crore new accounts added in India during the year.
This demonstrates a strong growth trajectory for CDSL in capturing a larger portion of the Indian demat account market, both in terms of overall market share and new account acquisitions. The company's strategic focus on technological advancement, market expansion, and investor empowerment has likely contributed to this increasing market share .
Overall Market Share:
* In **FY 2018-19, CDSL held 48% of the total demat accounts in India.
* This increased to 52%in FY 2019-20.
* By FY 2020-21, CDSL's market share had grown to 61%.
* It further rose to 70% in FY 2021-22.
* In FY 2022-23, CDSL's market share was 72%.
* As of March 31, 2024 (FY 2023-24), CDSL's overall market share stood at 76%, making it the largest depository in India in terms of the number of demat accounts opened.
* By December 31, 2024, approximately 79% of the total demat accounts in India were registered with CDSL.
* Market Share in New Account Openings:
* In FY 2022-23, CDSL had an 81% market share in new demat accounts opened.
* This increased significantly to 88% in FY 2023-24, with CDSL opening 3.26 Crore net Beneficial Owner (BO) accounts out of the total 3.69 Crore new accounts added in India during the year.
This demonstrates a strong growth trajectory for CDSL in capturing a larger portion of the Indian demat account market, both in terms of overall market share and new account acquisitions. The company's strategic focus on technological advancement, market expansion, and investor empowerment has likely contributed to this increasing market share .
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