Besides an economic slowdown, the Covid pandemic has brought millions of new investors into the country's stock markets, ushering in a massive buying spree.
These newbie investors, have ventured into the market, via the DMAT route.
As per SEBI data, close to 6.3 million (63 lakh) new Demat, or dematerialised, accounts have been opened during the April-September 2020 period, representing an increase of 130 per cent on a year-on-year basis.
The total count of DMATs stood at 44.46 million, with an average addition at 1.05 million investor accounts per month during the Apr-Sep 2020 period.
Besides, a considerable number of folios were also enrolled in MF schemes.
Young boy's excitement for a second-hand bicycle his father bought is heartwarming - Watch viral video
The notion of "Mo money, mo problems," is only true if one has an insatiable appetite for all things material and far be it from us to use that to romanticise the relative simplicity that comes with poverty.A more appropriate proverb here would be: "One man's trash is another man's treasure".
