India’s Demat account holders more than double in 3 years to 7.38 crore in Oct. 2021

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..... India’s Demat account holders more than double in 3 years to 7.38 crore in Oct. 2021 - News and Press Release Dated:- 13-12-2021 - News - As per the information provided by Securities and Exchange Board of India (SEBI), as on October 31, 2021, there are around 2.75 crore mutual fund (MF) investors, 7.38 crore Demat account holders and 1,324 SEBI Registered Investment Advisors (RIA). This was sta .....

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..... ted by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today. The ratio of Mutual Fund investors and Demat Account holders to the Registered Investment Advisors (RIA) in India is around 76,510 : 1, the Minister added. Giving more details, the Minister stated that the total number of Demat Accounts at the end of last three years and increas .....

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..... e in number of Demat Accounts therein are as follows: Data for the Financial Year Total Number of Demat Accounts (in Lakh, at the end of year) Increase in number of Demat Accounts compared to previous year (in Lakh) 2018-19 359 39 2019-20 409 .....

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..... 50 2020-21 551 142 2021-22 (upto October 31, 2021) 738 187 The Minister further stated that SEBI (Investment Advisers) Regulations, 2013 were notified on 21.1.2013 in order to strengthen the regulatory framework for Investment Advisers. Subsequently, certain amendments .....

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..... to the Investment Advisers Regulations were notified on 3.7.2020, the Minister added. Answering a question on whether the high barriers to entry have led to the reduced number of authorized financial advisors in India, the Minister stated that as per the information provided by SEBI, the registered Investment Advisers have increased from 1,298 (as on June 30, 2020) to 1324 (as on October 31, 20 .....

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..... 21). - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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