The Kashmir Pulse

India added 2.89 million demat accounts in September 2026, an 11.5% fall from August. Yet the wider picture is not one of the investors leaving the market. The July–September quarter recorded 9.04 million new accounts, the highest quarterly addition in seven quarters. The distinction matters when reading these numbers carefully. The slowdown also raises questions about what influences people to enter the stock market. Market performance, IPO activity, and changing investment habits may all affect the pace of new registrations. Looking beyond one month's figures gives a clearer picture of how India's investor base is evolving.

September Account Additions in a Quarterly Context

The figure was down from 3.27 million in August but still up from the 2.46 million that were opened in September 2025. Overall, the number of demat accounts rose to 240.59 million at the end of September, an increase of 16.2% from last year.

Looking at quarterly figures shows that there were 9.04 million new additions between July and September compared with 7.03 million in the April-June period, suggesting it is not a consistent decline.

Market Conditions Can Influence New Registrations

Both Sensex and Nifty saw a steep fall in September. Such a sharp fall in the market has made potential investors wait to open their accounts. Some of them are choosing to wait for a period of less uncertainty in the market before starting to invest. It does not mean everyone opens a new account during a bull run. Investors will have their own reasons.

IPOs Continue to Bring New Participants

Primary market activity remained strong during the September quarter. Sixty-nine IPOs raised a record ₹90,462 crore, while 92 SME companies raised ₹4,132 crore. Public issues can introduce companies and the share market to people who have not previously invested directly.

An investor applying for an IPO generally needs a demat account to receive allotted shares. As a result, an upcoming issue may prompt someone to complete account opening formalities. However, applying for an IPO and becoming a regular market participant are not the same thing.

While using a Demat account app can make it easier to apply for an account, having an account does not necessarily mean that someone is investing on a regular basis. While using an app will make things less paper-intensive, it is important to read what the account terms are.

Account Numbers Are Not the Same as Investor Numbers

An important point often overlooked when discussing monthly figures is that demat accounts do not necessarily represent unique individual investors. They can have multiple accounts, with multiple brokers. This means that the total number of accounts (240.59 million) doesn’t mean there are 240.59 million individual investors.

The National Stock Exchange reported around 135 million unique registered investors as of August 2026. This measure gives a better indication of the number of people participating, although it does not show how frequently each person trades or invests.

There is also a difference between an account being open and active. Some account holders may not have bought or sold securities recently. Looking only at total account additions can therefore give an incomplete picture of actual market participation.

What is Changing Investor Base?

The market is attracting a broad pool of participants, but account growth is not uniform every month. While there might be some short-term interest because of the IPOs, market corrections can make these new investors wary. Also, there is a wide range of investors with varying experience, investment goals, and risk appetite.

When looking at using a Demat app, you should not just focus on what is advertised or how many IPOs are coming up. Comparing fees related to the account, yearly service charges, transaction charges, customer service and security features of the broker will help. You should also understand how using a demat account differs from placing orders to buy/sell on a trading account.

A Demat account app should also provide clear information about fees and account services. A Demat app should make charges easy to find.

Conclusion

September’s slowdown is best viewed alongside the quarterly increase and the continued rise in the total account base. These figures show that there is continued interest in the market. Whilst registering for new accounts will depend on changes in conditions, a Demat account app can make it easier for new investors. However, it is important to do your research before investing. You should have a clear financial objective and understand the risks of the market. InCred Money can help you build your knowledge around financial products.

PULWAMA — Deputy Commissioner Pulwama, Kuldeep Krishan Sidha (JKAS), accompanied by Additional Deputy Commissioner Dr S.M. Ashraf, conducted a night inspection of the Snow Control Rooms and Emergency Control Rooms established across Pulwama district to review their preparedness and functioning in view of the prevailing weather advisory.

During the inspection, the Deputy Commissioner reviewed the availability of staff, emergency response arrangements and coordination among the concerned departments.

He directed all concerned officers and officials to remain alert and ensure round-the-clock functioning of the control rooms to facilitate quick response to any emergency arising due to adverse weather conditions.

The Deputy Commissioner stressed the need for close inter-departmental coordination and timely assistance to the public, particularly in areas that may be affected by snowfall or other weather-related disruptions.

He instructed the concerned teams to remain fully prepared to deal with any eventuality and ensure the safety and convenience of the people.

SRINAGAR — The Jammu and Kashmir Government has constituted Departmental Grievance Redressal Committees in all Administrative Departments for expeditious redressal of grievances of employees and workers in the Union Territory.

According to a Government Order issued by the General Administration Department, sanction has been accorded to the constitution of the committees for examination and disposal of grievances of employees/workers under their administrative control.

Each committee, as per the news agency GNS, will be headed by the Administrative Secretary of the concerned Department as Chairman. The other members will include Director Finance/Financial Advisor & CAO, Additional/Special Secretary to the Government of the Department, and Law Officer not below the rank of Deputy Legal Remembrancer of the Department.

As per the Terms of Reference, the Committee shall examine grievances relating to service matters and other employment-related issues of employees/workers of the Department and its subordinate/field offices.

It shall examine the grievances in the light of the applicable statutory rules, regulations, Government instructions, Recruitment Rules, sanctioned cadre structure and other relevant provisions.

The Committee shall identify grievances which can be resolved at the departmental level and take appropriate action for their expeditious disposal.

It shall also examine cases involving policy, inter-departmental consultation, financial implications or amendment of rules and, wherever required, initiate action for obtaining the approval/concurrence of the competent authority in accordance with the applicable procedure.

The Committee has been tasked to ensure that genuine and admissible grievances are not kept pending for want of examination at the appropriate level and to prescribe, wherever feasible, a time-bound mechanism for their disposal.