Indian Retail Investors played key role during the last two years: Union Minister

New Delhi, May 07, 2022 : “Indian retail investors have played a key role especially during the last two years; they have shown the world what they can do by standing up and becoming shock absorbers unlike FPIs,” Union Finance Minister, Smt. Nirmala Sitharaman began her speech by appreciating the unbound trust shown by the country’s retail investors in the market. The Minister was addressing the Silver Jubilee Celebration of India’s largest depository, National Securities Depository Limited (NSDL), in Mumbai today, 07th May 2022.

“From an average of 4 lakh new demat accounts opened every month in 2019-20, it tripled to 12 lakh per month in 2020-21 and has further increased to around 26 lakh per month in 2021-22,” the Minister added by thanking the retail investors.

NSDL celebrated the completion of 25 years of its service to the Indian capital markets, today in the presence of the Union Finance Minister, Chairperson of the Securities and Exchange Board of India (SEBI), Smt. Madhabi Puri Buch and Chief Postmaster General, Maharashtra Circle, Smt. Veena Ramakrishna Srinivas.