New Investor Demat Accounts Hit 3-Year Low in 2025 Amid Market Volatility

• Only 1.51 crore new Demat accounts opened in 2025, the lowest in the last three years.
• This is a significant drop compared to 2.36 crore in 2024 and 1.6 crore in 2023.
• Market volatility in 2025, particularly in small-cap and mid-cap segments, is cited as a major reason for the decline.
• Despite fewer new additions, the total number of registered investors reached 12.4 crore by December 19, 2025.
• Maharashtra led with 1.97 crore new investors, followed by Uttar Pradesh and Gujarat, contributing to 53.34% of new accounts from 6 states.

Why It Matters: New Demat account openings slowed in 2025 due to market volatility, despite overall investor growth.