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Technology helps millennials invest in MF

June 01, 2021

Technology helps millennials invest in MF

Technology has radically changed each area and the financial sector isn’t an exception. The quick spread of digital technology joined with the cell phone boom has helped many trading organizations and in return, this has urged numerous young people to trade online.

The number of cell phone clients in India is estimated to reach more than 760 million this year, as indicated by Statista, which spends significant time in purchaser and market information. Another information brings up that the mobile application industry is flourishing as cell phone clients download many applications including applications from broking firms.

The tech-savvy millennials are drawn in towards discount broking platforms and firms additionally make an honest effort to woo such youths. At the point when the Covid-19 pandemic hit India a year ago, Central Depositories Services India Ltd (CSDL), one of the leading securities depositories, seen an almost 20% increase in new accounts in six months.

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