Growing participation and increasing financial literacy could help the domestic retail brokerage industry s revenue to more than double over the next five years, estimates consultancy firm Bain & Company. The number of demat accounts has tripled since FY19, thanks to the heightened interest sparked by the COVID-19 pandemic,  said Bain & Co in a note.
The domestic retail brokerage industry's revenue is expected to double in the next five years due to increased participation and financial literacy. The number of demat accounts has tripled since FY19 due to the COVID-19 pandemic.