Sebi’s new ASBA norm may increase competition among brokers: Upstox CEO Ravi Kumar

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As of January 2023, the number of demat accounts in India increased to 11 crore, up from 8.4 crore during the same period the previous year, representing a 31% growth. While these figures are promising, there is still much work to be done. India’s population exceeds 1.4 billion, yet only about 5-6% are currently investing.

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