Retail Investing Soars: NSE Adds 84 Lakh New Demat Accounts in FY25

India’s capital markets witnessed a significant surge in retail participation during the financial year 2025, with the National Stock Exchange (NSE) adding over 84 lakh new active demat accounts. This marks a 20.5 percent year-on-year increase, bringing the total number of active demat accounts on the NSE to 4.92 crore as of March 2025.  

 

Digital brokerage platforms played a pivotal role in this growth, with Groww and Angel One leading the charge. Groww emerged as the largest contributor, adding 34 lakh new accounts, which accounted for 40 percent of the NSE’s growth. The platform’s active client base rose from 95 lakh in March 2024 to 1.29 crore in March 2025, reflecting a 36 percent year-on-year increase. Angel One added 14.6 lakh accounts, contributing 17.38 percent to the overall growth, with its active user base climbing to 75.7 lakh.  

 

Zerodha, another major player, added 5.8 lakh new accounts, accounting for 7 percent of the growth, while maintaining a strong market share of 16 percent. Traditional brokerages also contributed to the rise, with HDFC Securities and ICICI Securities reporting steady growth in their client bases.  

 

The data highlights a growing preference for mobile-led, simplified investing experiences, particularly among young and tech-savvy investors from Tier II, III, and IV cities. The increasing participation of women in equity investing is another notable trend, with one in every four new investors being a woman.  

 

This remarkable growth underscores the evolving landscape of India’s retail investing market, driven by digital innovation and broader demographic engagement.  

 

Source: The Hindu BusinessLine, Deccan Herald, Republic World, Rediff News, CNBC TV18