What is your view on the equity market landscape?
India's equity markets, wealth management, and asset management industries are in a golden age. For the first time in decades, the average investor is viewing equities as a serious asset class and investing their savings in the stock market. When I entered the equity markets in 1990-91, very few people were willing to invest. The Harshad Mehta scam changed things dramatically, but we've come a long way since then. Today, investors are far more informed and understand the long-term benefits of equities. However, only 5-6 per cent of household savings in India are currently in equities, compared to much higher levels globally. I believe this will eventually reach double digits.
The accessibility of equity markets has improved with digital platforms and online brokers, eliminating the need for local brokers or physical branches. Now, the focus has shifted from creating investor intent through education to enabling easy execution via digital channels.
Given that investors have access to easy digital trading, why do they still need advisory firms?
This story is from the October 07, 2024 edition of Business Standard.
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This story is from the October 07, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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