Grip Make investments, an funding platform in a report mentioned millennials constituted about 63% of all company bond traders on its platform, with common funding rising 1.8 instances between 2023 and 2024.
Buyers additionally confirmed exponential curiosity in company bonds as indicated by quadrupling repeat investments in 2024, it added.
Regulatory enablers like discount in minimal dedication from ₹10 lakh to ₹10,000 has additionally enabled this uptick, it additional mentioned.
On Grip Make investments, inside millennials, feminine participation in company bond investing elevated by 52% from 2023 to 2024 indicating sturdy desire. There’s a 54% rise in feminine traders selecting company bonds as their first funding from Q1 to Q2 in 2024, the platform mentioned.
“Company bonds drove sturdy enchantment throughout investor personas and socio-economic segments, not restricted to metros alone. Whereas investments in company bonds got here from over 3,000 pincodes, high 10 cities contributed solely 43% of whole investments,” it added.
Nikhil Aggarwal, Founder and Group CEO, Grip, in an announcement mentioned, “The findings from our newest report, ‘Gripping The Growth: Millennial Momentum In Bond Investing’, reveal a rebalancing of the monetary panorama, the place company bonds are now not simply the area of huge establishments however a viable, enticing choice for the on a regular basis investor.”
“Rising accessibility of company bonds, widening danger urge for food of Millennials, and demand for a digital-first expertise with investments have remodeled company bonds from a distinct segment funding asset right into a mainstream selection,” he mentioned.
“As regulatory modifications proceed to open new doorways for these in search of balanced danger and reward, we stay up for main the cost and supporting our customers with democratised entry to this funding asset,” he added.
Revealed – September 26, 2024 11:40 pm IST
