Connect with us

Business

Financial Literacy: Catch Them Young

Published

on


The ESB, formerly the Bombay Stock Exchange, has taken another step forward this year. The exchange now has over seven crore registered users on the basis of Unique Client Code (UCC). Likewise, the number of folios in the mutual fund industry is approaching 10 crore.

Tech savvy investors

The last crore growth on BSE is phenomenal, as it happened in just four and a half months while it took almost two years to go from five crore to six crore of investors and almost three years of four to five crores from UCC investors.

However, the interesting fact is that the investor population is very young. In total, 62 percent of investors are under 40, of which 24 percent are between 20 and 30 years old. According to the ESB, the growth was led by young tech-savvy users, with an age profile of 20 to 40, who contributed 82 lakh of user additions from six crore to seven crore. crore.

While these statistics indicate a growing awareness of capital markets, it would be useful for the whole system for new entrants to arrive with essential knowledge about the building blocks of investments and the risks inherent in investing. To achieve this, all participants in market infrastructure institutions and intermediaries must join hands.

Investor awareness

SEBI, mutual funds, brokerage houses, and stock exchanges regularly conduct investor education programs, but most of them are done by mandate. Most of the participants in such events tend to be middle-aged or older. Additionally, most of these events are about successful investors or stock picking, but rarely talk about current trends or context. The need of the hour is to impart basic knowledge to potential investors of a much younger age, that is, from the school level, like that organized by the College of Business at Michigan Technological University to United States.

The Husky Investment Tournament for Students (Grades 9-12) around the world provides virtual money to trade in the market in real time. Michigan Technological University also offers award winning scholarship programs (decided by portfolio returns) and cash prizes. In India too, we can consider similar contests mimicking real investment. Students may be offered different sets of portfolio stocks and virtual money and be asked to provide reasons to buy selected stocks. Another important lesson might be on how to use critical websites like BSE, NSE, and SEBI.

SEBI and exchanges can also partner with leading business universities to offer scholarship programs to attract students. The NSE and ESB have links with schools and have certificate programs, but the course content can perhaps be made more engaging through the use of technology.

Brokerages, on the other hand, may offer accounts for young people, such as the one offered by Fidelity Investments, a brokerage account specially designed to help children aged 13 to 17 invest, save and spend. If the young market players are mature, it benefits not only them, but also the entire market infrastructure, which is good for an emerging country like ours.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]