With reference to the Retail Participation in the Capital Market, consider the following statements: 1.    The share of individual investors in the cash segment marginally declined during FY23 (April-November 2022) compared to the same period during FY22. 2.    The incremental additions of demat accounts have been on a declining trend during FY23 relative to FY22 3.    The number of demat accounts rose sharply, 39% higher by the end of November 2022 on YoY basis. Which of the statements given above are correct?

·         The share of individual investors in the cash segment marginally declined during FY23 (April-November 2022) compared to the same period during FY22. Hence, statement 1 is correct. ·         However, the number of demat accounts rose sharply, 39% higher by the end of November 2022 on YoY basis. Hence, statement 3 is correct. ·         However, the incremental additions of demat accounts have been on a declining trend during FY23 relative to FY22, probably because of the increased volatility in the secondary market and subdued primary market performance, amid prevailing global headwinds during the current financial year. Hence, statement 2 is correct.