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Online brokerages see growth in investors
July 20, 2020
Online brokerage houses such as Zerodha, Upstox, and 5paisa.Com have seen a gush within the addition of traders and buying and selling sports at some stage in last four months duration amid coronavirus pandemic.
Apart from these, Sharekhan by BNP Paribas additionally witnessed a boom in the onboarding of latest customers and buying and selling sports. Interestingly, a full-size quantity of those new buyers is from smaller cities and the common age of such investors is between 25 years and 30 years, according to brokerages.
Nikhil Kamath, co-founder, and CIO of Zerodha said, “Retail investors, after a long term, seem to have come into the markets after a crash, shopping for huge-cap bluechip equity and are seeing massive returns”.
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