With No.2 player Zerodha continuing to lose market share, Tiger Global-backed financial services firm Groww now controls 25.1% of the stock broking market in terms of NSE active clients. According to latest data collated by Motilal Oswal, the market share of Groww stood at 25.1% and rose 41 bps month-on-month (MoM). At the same time, … Read more
The state-owned company REC Ltd on Saturday declared an interim dividend of Rs 3.50 per share for the financial year 2024-25 along with its results for the quarter ended June 30, 2024. “Declaration of interim dividend @ Rs 3.50/ – (Rupees Three and Paise Fifty only) per equity share of Rs 10 each for the … Read more
The Securities and Exchange Board of India (Sebi) on Friday comprehensively reviewed the eligibility criteria of the Basic Service Demat Account (BSDA) with an aim to further boost participation in the securities market and promote ease of doing investments. In a circular issued on Friday, Sebi laid down rules for opting BSDA. An individual will … Read more
The Securities and Exchange Board of India (Sebi) on Monday said it would not freeze demat accounts and mutual fund folios of investors if they didn’t submit nomination. The decision for existing investors has been taken based on representation from market participants as it would ease compliance and investor confidence. Investors holding securities in physical … Read more
Mumbai: More than 70% of the demat accounts held singly in the country have no nominations, posing a challenge for their legal beneficiaries to claim the financial asset. The startling data from India’s market regulator comes amid a record rise in demat account registrations. Industry attributes the lack of nominations to account holders being lethargic … Read more
As the domestic equity market keeps on making new peaks every other day, a similar surge in new Demat account additions is also being seen. In December, the total new Demat account openings touched a new high of 42 lakh, taking the number of total Demat accounts to 13.93 crore.The addition of 42 lakh new … Read more
