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

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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