India remains an extremely underpenetrated country, especially with respect to investing in instruments such as mutual funds, a report by Paytm Money said today. More than 85% investors in mutual funds come from top 30 Indian cities. This signifies that the rest of India, comprising a majority of population remains conservative in its choice of investment instrument.
Indians are fast adopting investments from all demographics. Paytm Money today shared the trends observed in 2019 that will affect the investment patters in 2020. Reports reflect 18,792 out of 19,100 pincodes invested with Paytm Money within first year of its operations.
2019 has observed a massive adoption trend by investors across cities, towns, and villages with a substantial share of investors coming from the younger demographic. Reports by Paytm Money show over 65% of its investors are between the age group of 18-30 years. Many of these investors are students and first-time jobbers. While the young investors love the blazing fast experience on our app, it is the simplicity and convenience of investing that has attracted many ‘young at heart’ users.
The report also found that India’s youth and first time investors are choosing new instruments in which to invest and newer mechanism through which they are making these investments. Over 65% of our investors on Paytm Money are between the age group of 18-30 years. In fact, many of these investors are students and first-time jobbers.