Online stock trading on rise among young investors: Assocham
Online share trading has seen a sharp rise of over 72 per cent in the last two years among young investors who use the platform as a source of additional income with easy availability of gadgets, use of technology and access to analyst information, an Assocham survey said.
In its survey conducted under the aegis of its Social Development Foundation in January-February on 'Boom time for online share trading: Online trade is a fast growing biz', Assocham today said online share trade industry is growing by 150 per cent year-on-year and the value of all trades executed through Internet has grown more than ten-times in two years.
"Online share trading has become a major fascination by large number of young energetic and intelligent population mostly professionals or unprofessional and employed or unemployed," said Assocham Secretary General D S Rawat.
Delhi ranks first in online share trading followed by Mumbai, Bangalore, Chandigarh, Kolkata, Ahmedabad and Dehradun.
According to majority of the respondents, "Stock trading is the new age thrive, every youngster is looking towards improving the income levels. Online trading is the most profitable business, which just requires knowledge of the trading concept."
Majority of the respondents doing Internet trading belong to the age group of 18-23 years followed by (24-29 years). Similarly, there were people in 30-35 age group. On the other hand, only 8 per cent were each from the age group of 36-41 years and above 42 years, the survey said.
Out of 2,500 respondents, 62 per cent were male, while 38 per
Be the first to comment.
