Millennials & investments
![](/sites/default/files/2023-05/3_1.jpg)
The average age of India is 29 & we are the country with maximum youngsters, which is around 426 million. The trend suggests that millennials believe in starting early & it is reflected in the market as well. More than 30% of the investors are in the age group of 26-30. The second populous category is at 29%, with investors in 18-25.
When it comes to preferences, the young ones prefer mutual funds followed by direct equity investments &, lastly, the traditional investment avenue of gold.
Millennials are technosavys who prefer digital processes. The brokers nowadays (considering the COVID situation) offer an online registration process. This is the reason behind an increased number of young participants during COVID.
The average age of India is 29 & we are the country with maximum youngsters, which is around 426 million. The trend suggests that millennials believe in starting early & it is reflected in the market as well. More than 30% of the investors are in the age group of 26-30. The second populous category is at 29%, with investors in 18-25.
When it comes to preferences, the young ones prefer mutual funds followed by direct equity investments &, lastly, the traditional investment avenue of gold.
Millennials are technosavys who prefer digital processes. The brokers nowadays (considering the COVID situation) offer an online registration process. This is the reason behind an increased number of young participants during COVID.
![](/sites/default/files/2023-05/Web%20banner%20demat_14_2.png)
Open a Demat Account
Generation Z is well-equipped with all the information required to research & study the avenues available for investments. Furthermore, the entry into the market & trading is made easy with online platforms & mobile applications. Today, one can invest in equity, debt, mutual funds & other hybrid options with just one click. This is supported by online payment options available for instant payments.
The millennials are changing the stock market
With the increased participation of youngsters in the market, India's market cap will be equal to China's in the next ten years. This is because the millennials are more likely to take market risks & will invest in markets departing from traditional investment avenues like bank FDs, gold, real estate, etc.
Millennials are driving significant investing trends
The global markets & Indian markets are trading at all-time highs. The Indian market has earned 1000 points in just one month's period. This is because the maximum number of young people started their investment journey during the COVID pandemic.
The brokers have witnessed a record hike in the number of clients in the past 1year.
The millennials are changing the Indian economy
As the young generation gets access to both money and day trading, their investments ultimately shape the Indian economy. So if people started investing in Indian companies, it would boost innovation, diversification & expansion of the business. This will positively impact the young potential entrepreneurs who aspire to start their businesses soon. Moreover, more entrepreneurs mean more employment creation in the country which would again boost savings & investments.
Recent Posts