‘Risk nahi to ishq nahi’. Gujaratis are known for their knowledge and love for the stock market. Now, out of 8 crore registered market investors in India, a whopping 1 crore are Gujaratis.
The rally in the Stock Market, people saving more money because of Work From Home and easy to use trading Applications on their mobile phones are some of the reasons that people are investing heavily in the Stock Market.
Well known Spine Surgeon from Ahmedabad Dr Niraj B.Vasavada said:
“ I have been a novice as far as investments are concerned , partly because I can not allocate enough time to understand & micromanage the equity market. I found mutual funds to which I’ve been investing since the past 20 years into SIPs, most useful. Rightly selected funds give decent return on investment if we stay invested for a long term. It definitely helps to beat the inflation while factoring market ups & downs”
Dishank Shah of Centric Wealth Advisors whose client base doubled after the Pandemic said,”this Lockdown period of 2-3 months was a trailer of retirement after 20 years and that has made people more aware about their Investment choices.” He added that investment in Mutual Funds has increased many folds after the pandemic.
Many youngsters prefer different apps to maintain their portfolios as they are the easiest to use. Some people are investing their hard earned money in the Stock Market after seeing massive returns compared to Gold, Real Estate and Fixed Deposits.
Abhinav Kapadia who as a Finance Professional understands the Market said,” I started investing from my first salary. Over the years I have learned that one should invest where you understand the Business and trends. With the available market literature and standardization of multiple products, I believe the investment in the Stock Market is safer for me than the Gold or Real Estate market. Further, I can invest small (as upto 5k only) in the stock market which may not be possible in other asset classes.”
He uses an app for his Investment decisions and updates.
