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DMAT account

also referred to as: dmat accounts

3 statements across 2 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Sep 15, 2023 by Ravi Kumar · across every show →

Everything said about DMAT account, oldest first

Sep 15, 2023 positive
Disclosure
Kumar: Over 90% of Upstox Users Are First-Time Demat Account Holders
“90% plus of our accounts are first time investors, meaning they've never opened up a DMAT account before. OpStox is their first platform of choice for opening up a DMAT account.”
Ravi Kumar Sep 15, 2023 ▶ 12:58 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 positive
Assertion Supported
Kumar: Indian equity participation tripled from sub-2% to roughly 6%
“So when we first came to India in like 2000 eight-ish equity participation in India, which is basically the number of people in India that have DMAT accounts was like sub-two percent. In 2012, when we started the retail business was again, sub two percent. In …”
Ravi Kumar Sep 15, 2023 ▶ 10:36 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Mar 7, 2025 neutral
Assertion Contradicted
Jain: India has roughly 13 to 14 crore Demat accounts
“I think DMAT accounts now are at 13 or 14 crores or something like that.”
Vishal Jain Mar 7, 2025 ▶ 17:20 Zerodha’s Move Into A ₹68 Lakh Cr Industry | CEO Vishal Jain On Expanding India’s 8% Investor Base
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