Millennials' Date With Stocks

Wealth creation features high on millennials' wishlist, and the stock market has emerged as the surest route to fuel their ambitions.

- RAJIV RANJAN SINGH

“I USED TO TRADE in options in India but after incurring losses I started trading through forex trading apps. Now that they are banned, I am focusing on the stock market again,” says 22-year-old Ashish Sidhuja from Nagpur, who opened his demat account in 2021.

“I invest in green energy companies because that is where the future is,” says Nandini Chakraborty, a 19-year-old Economics student from Kolkata.

Meanwhile, 23-year-old Punebased Vandit Dharamshi, who was handed his demat account on his 19th birthday, has taken up investing as a career after graduation. “Stock market fascinated me even before I completed my matriculation,” says Vandit.

The tribe of India’s millennial stock market investors is mature about their aspirations, intrigued about making money, thrilled about their investments, and yet calculative about risks. Wealth creation features high on the aspirations of millennials, who are eying the stock market as the surest route to fuel their ambitions.

A Gamified Ecosystem

From 4.5 crore in March 2019, the number of retail investors in India jumped to 12.7 crore as on August 31, 2023. Around 3.1 million new demat accounts were opened in August — the highest since January 2022. Dissect this singularity, and one would find Young India at the heart of it.