Online share trading witnesses 76% jump: Survey

Youngsters are adapting to this quick, efficient and hassle free option of stock trading, it said. A countrywide survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) revealed that the online share trade industry is growing by 160 per cent year-on-year. The value of all trades executed through the internet has grown more than ten times in two years.

Major metropolitan cities in which respondents were interviewed include Delhi-NCR, Mumbai, Ahmedabad, Cochin, Bengaluru, Hyderabad, Kolkata, Indore, Patna, Pune, Chandigarh and Dehradun and it was observed that there has been a steep rise in the use of online share trading with upcoming technology platform for continuous trading. 

The industry body used random data to choose investors representing various age groups, occupation, gender, marital status and annual income range.

According to the findings of the survey, “Online share trading has become a major fascination for a large number of upwardly mobile youth in the country.” “Stock trading is the new age thrives, every youngster is looking to improve income levels. 

Online trading is the most profitable business, which just requires knowledge of the trading concept,” claimed a majority of the respondents. The survey further revealed that the young generation is very analytical, quick and responsive to the ever changing market scenario.

With an online trading account in India, you can access your mutual funds, stocks, IPOs, equities and much more avoiding the need for multiple brokers, bank accounts and folios. 

There is also no need to call an agent and one of the biggest benefits of online investment is privacy, claimed 78 per cent of the respondents. The knowledge of basic trading concepts is enough to get youngsters started.