New Delhi: This might be the initial trend, but refers to change the behavior of investment in this country.
The government on Thursday presented two sets of numbers in parliament, which showed that the growth of small savings accounts had slowed over the past three years.
This includes almost every scheme, except for samriddhi for girls.
Instead, there has been Spurt in the number of Demat accounts opened during this period, showing that more investors chose to park their funds in equity by investing directly in the stock market.
So that between April and November 2021, 2.3 crore new small savings accounts were added, translated to the monthly average of around 29 lakh.
During April-October 2021, a little less than 1.9 Demat Crore accounts opened, translated into an average of 26.7 lakh every month.
The number of accounts opened for seven months for the current financial year is more than 30% higher than the number for the previous full financial year.
If someone sees the total stock of the Demat account, the number they have jumped more than twice from below 3.6 crores in 2018-19 to 7.4 crore at the end of November 2021.
Most investment advisors will notify you about the swelling of the retail number of investors seeking Utilizing stock market rallies, which have produced more groups to invest in equity, both directly and through mutual fund routes.
No wonder compared to march-end, the number of folio mutual funds has jumped with 1.9 crore when AMFI released data last week.
And, once again, the number of folios added during this period was twice the number increased during the last financial year.
“Demat accounts reflect the capital market, while small savings such as secular deposits towards the capital market,” said Rashesh Shah, who headed Edelweiss, a financial services group with brokers and home funds.
He suggested that the number of fever accounts could swell further because the government prepared the IPO Corporation Mega Life Insurance Corporation with the portion provided for policyholders.