Stock market investments go up
In 2025, retail investors deposited ₽2.5 trillion in their brokerage accounts. This value exceeds the 2024 figure by a factor of 1.5, hitting a four-year high. The bulk of this inflow came from qualified investors, whose number approached one million.
The number of clients with holdings above ₽10,000 increased from 4.9 million to 5.5 million over the year. The most rapid growth was observed among investors with portfolios of ₽1 million or more.
Assets of retail investors increased by 16% YoY, totalling ₽12.3 trillion, due to a record inflow of new funds into brokerage accounts and higher bond prices.
Amid declining interest rates, investors favoured fixed-coupon corporate bonds and long-term federal government bonds. Over the year, the portion of debt securities in aggregate portfolios went up from 32% to 38%, while that of shares decreased from 30% to 25%.
More details are available in the Review of Key Indicators of Brokers for 2025 Q4.