Sumary of Low interest rates, ample liquidity behind increased investor interest: Sebi chief:
- According to Tyagi, it also needs to be acknowledged that by their very nature, the markets are forward-looking and the present investments take into account future growth prospects.
- Tyagi said the cumulative number of total demat accounts rose from 41 million at the start of FY21 to 55 million by the end — an increase of 34.7 per cent.
- On an average, about 1.2 million new demat accounts were opened per month in FY21 as compared to 0.42 million per month in the preceding fiscal.
- “The trend gets further accentuated during the current financial year — on an average, 2.45 million demat accounts have been opened per month during April- June 2021,” he said.
- “Along with the robust growth, it is heartening to note that our markets are entering a new era with several new age tech companies preferring to list domestically.
- Recent filings and public offerings reflect the maturity of the market to accept the business model of new age tech companies, which aren’t amenable to valuation through conventional metrics of profitability, he added.