Home Investment Products Stock Market Millions of Millennials Are Piling Into India’s Stock Market – BloombergQuint

Millions of Millennials Are Piling Into India’s Stock Market – BloombergQuint

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Millions of Millennials Are Piling Into India’s Stock Market – BloombergQuint

Angel Broking Ltd., a securities agency established in 1987, says 72% of the 510,000 clients it added from October to December had by no means traded shares earlier than. Of India’s 1.36 billion individuals, solely about 3.7% put money into equities, in contrast with about 12.7% in China, in line with inventory depository information on the variety of funding accounts (and assuming one account per particular person). Within the U.S., in contrast, a ballot discovered about 55% of the inhabitants owns shares both individually or by way of a mutual fund.

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