SME Times
SME Times

Covid fuels newbies' flood in stock markets, ushers buying spree

Covid fuels newbies' flood in stock markets, ushers buying spree
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 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.

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