Brokerages have currently remained in focus and have participated in the market rally. CAMS, CDSL, Angel Broking, ICICI sec have shown a great run up. Furthermore, CDSL recently published that it has crossed milestone of 4crore active demat accounts. ICICI securities reported a good quarter performance in Q1FY22 and seen growth across its business segments.

Vijay Chandok, MD & CEO, ICICI Securities joined ET NOW to help us understand the key highlights of the quarter and key growth triggers for the industry. The company has witnessed robust growth across its business segments viz Equity, Distribution, Private Wealth management and Advisory services.

The company has recorded highest quarterly client addition which stands at 3.9 lac clients up by 367% YOY. Total client base stands at 5.8mn customer and digital contributed 70% towards new client additions during the quarter. “Digital efforts unleashed in the early part of last year has continued to gain momentum” says Vijay Chandok.

Wealth and Retail business continues to be value drivers of the company going forward. He believes Technology, AI has lead to cost optimization and expanded basket of offerings. “We believe Low cost-personalization to be the way forward” says Vijay Chandok. From industry perspective, increasingly seeing commencement of a new structural trend of digital natives coming into the market especially from tier 2-3 cities.

One needs to look at the industry from a medium-term view, speaking of which from three-year perspective industry has not let you down, he says. Highlighting the decadal performance of icici sec, its seen that the company’s CAGR has not fallen below 17% . Furthermore, pipeline of the business on IPO side remains robust. Senior segment, middle India and emerging India are the key segments company to focus on going forward.