National Securities Depository Ltd. (NSDL) has crossed 1,00,00,000 (one crore) demat accounts. Really it’s a big achievement because 80% of securities held in dematerialized in INDIA, which indicates the preference and trust of the inverstors in maintaining their assets with NSDL.
In my view this also shows investors faith and confidence on Indian economy. People want to invest money in INDIA markets. And moreover IPO also contributes to this. I have spoken to so many brokers, they said whenever a good IPO hits market, they see a rapid growth in Demat accounts.
Do you know about "Applications Supported by Blocked Amount(ASBA)" for investing in IPO... Check our upcoming posts.
Wednesday, August 26, 2009
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