Latest news with #TorusFinancialMarket
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Business Standard
3 days ago
- Business
- Business Standard
With 3 mn new entries, demat a/cs see biggest spike in July since Dec
Domestic markets saw the addition of nearly 3 million new dematerialised (demat) accounts in July, marking the highest monthly increase since December 2024. This is also the third consecutive month that witnessed a rise in account openings, following a period of moderation from January to April. With seamless onboarding and the continued allure of equities fuelling demand, July's additions pushed the nationwide demat count beyond 200 million, a figure that has more than tripled in just four years. The total count stood at 202.1 million at the end of last month. However, this figure does not equate to unique investors, since individuals may open multiple demat accounts. The count of unique investors is estimated at 120 million. The robust growth in demat accounts in July occurred against a backdrop of heightened market volatility, driven by trade tensions between India and the US, lacklustre corporate earnings, and sustained selling by foreign portfolio investors (FPIs). In July, FPIs registered a net outflow of Rs 17,741 crore, the first such net selling since March 2025. Prakarsh Gagdani, CEO, Torus Financial Market, said the demat additions in July were supported by robust IPO issuances. July was the busiest month for IPOs in 2025, with 13 issues raising Rs 16,125 crore. SIP inflows also reached a record high, rising over 4 per cent month-on-month to Rs 28,464 crore in July. Despite uncertain market conditions, the steady inflow into SIPs underscores growing investor commitment to systematic investing. The outlook for demat account growth remains uncertain, as the markets continue to grapple with the broader impact of trade tariffs and international market dynamics, said experts.
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Business Standard
3 days ago
- Business
- Business Standard
July sees biggest jump in demat acs since December; nearly 3 mn added
Domestic markets saw the addition of nearly 3 million new dematerialised (demat) accounts in July, marking the highest monthly increase since December 2024. This was the third consecutive month of rising account openings, following a period of moderation from January to April. With seamless onboarding and the continued allure of equities fuelling demand, July's additions pushed the nationwide demat count beyond 200 million—a figure that has more than tripled in just four years. The total stood at 202.1 million at the end of the month. However, this figure does not equate to unique investors, as individuals may hold multiple demat accounts. The count of unique investors is estimated at 120 million. The robust growth in July came against a backdrop of heightened market volatility, driven by trade tensions between India and the US, lacklustre corporate earnings, and sustained selling by foreign portfolio investors (FPIs). In July, FPIs recorded a net outflow of Rs 17,741 crore, their first net selling since March 2025. Prakarsh Gagdani, Chief Executive Officer, Torus Financial Market, said the surge in demat openings was supported by strong initial public offering (IPO) activity. July was the busiest month for IPOs in 2025, with 13 issues raising Rs 16,125 crore. Systematic investment plan (SIP) inflows also reached a record high, rising over 4 per cent month-on-month to Rs 28,464 crore in July. Despite uncertain market conditions, steady SIP inflows underscore growing investor commitment to systematic investing. Experts cautioned, however, that the outlook for demat account growth remains uncertain, as markets continue to grapple with the broader impact of trade tariffs and global market dynamics.
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Business Standard
22-05-2025
- Business
- Business Standard
Groww to hike minimum brokerage, DP and MTF charges from June 21
Groww India, the largest brokerage in terms of active clients, is planning to raise its minimum brokerage from late next month. In an email to its clients, the broking firm said that from 21 June onwards, it will raise its minimum broking charges from ₹2 to ₹5. Currently, the firm charges a brokerage of ₹20 or 0.1 per cent of the executed order, whichever is lower, but with a minimum charge of ₹2. The minimum charge will be raised to ₹5 from 21 June. The company also revised the interest rate it charges for the margin trading facility (MTF) to 14.95 per cent per annum for the funded amount. Groww charges 15.75 per cent per annum as MTF interest for funding amounts less than ₹25 lakh and 9.75 per cent for ₹25 lakh and above. MTF is a product that allows brokers' clients to buy stocks by paying only part of the total value. The broker funds the remaining amount and charges interest on this loan. Depository Participant (DP) charges for clients will also go up—from ₹18.5 per day per stock regardless of the number of sale transactions—to ₹20 per sale transaction. DP charges are mandatory fees applicable to every sale transaction. These charges are only applied when an investor sells stocks and are levied by the depository. They also include additional fees charged by the broker for facilitating the transaction. 'While the depository charged Groww for every sell transaction, Groww covered those charges for you. With the revised pricing, DP charges for each sell transaction will now be applicable to you,' the brokerage said in the email. Prakarsh Gagdani, CEO of Torus Financial Market, said the cost of doing broking business is forcing brokerages to hike rates. 'Technology is a big cost. Secondly, because of the regulatory changes, the revenues that came earlier are being reduced. The changes in referrals, true to label norm, in funds being parked with brokers, and the interest brokers used to get, as well as an increase in the lot size of derivatives, impacted revenue. On one hand, the cost is increasing, and because of the changes, revenues are getting hit. The only way in front of brokers is to increase the charges,' Gagdani said.
