93 percent of Indian investors increase portfolio allocation towards new-age financial products such as REITs, smallcases, NFTs, and digital gold, according to a report by smallcase and Zinnov.
The report, titled 'Rise of the Indian Retail Investor', said that 50 percent retail investors started investing in stocks less than 3 years ago and 38 percent are interested in actively investing in new IPOs. In excess of 70 percent of retail investors save up to 30 percent of their monthly income for investments.
As per the survey, systematic investment plan (SIP) is gaining popularity and it is the most preferred route of investing with 55 percent of investors opting for this option.
Moreover, the report also highlights the source of financial information for Indian retail investors. 73 percent of them are well informed about financial products with family and peers being their primary source of information, while 52 percent turn to financial influencers as a key avenue to learn about wealth management.
Intriguingly, 61 percent of retail investors prefer not to pay for financial advice. Among those who are ready to pay fall between 45-60 years of age, have more than 20% in monthly savings and 93 percent have a portfolio size of ₹10-20 lakhs.
Overall 29 percent of investors monitor their portfolio monthly and 25 percent prefer to alter their investments on a quarterly basis.
India’s younger investors monitor their portfolio weekly, whereas a majority of the investors between 45-60 years monitor monthly, as per survey.