India's Demat Account Openings Surge to 10-Month High Amidst Booming IPO Market and Retail Investor FOMO

Overview

The number of new demat accounts in India reached a 10-month high in October, exceeding 30 lakh, a 22% increase from September. This surge is driven by strong primary and secondary market performance, record IPO fundraising of over ₹39,000 crore, and a growing fear of missing out (FOMO) among retail investors. Overall live demat accounts now exceed 21 crore, reflecting increased direct equity participation.