The Navigating the Future of Wealth Report 2024, released by global migration platform Multipolitan, has predicted a major shift in global wealth as millennials inherit trillions from older generations and embrace new investment strategies. The report has highlighted how this generational wealth transfer will impact investment trends and wealth management. The report estimates that by … Read more
The investment scenario in India is changing. Recent surveys have noted the evolving financial behaviors of the 12-28 age group, known as Gen Z, as well as Millennials. A survey, The Fin One: Young Indians’ Saving Habits Outlook 2024, compiled in collaboration with Nielsen, revealed that 93% of young adults consistently save money, with many setting … Read more
Passive fund adoption is on the rise, a survey conducted by Motilal Oswal AMC revealed, adding that 80% of investors have increased their allocation towards index funds and ETFs in the past year. Passive funds have seen a significant growth in assets under management (AUM), surpassing Rs 11 lakh crore by September 2024. This marks … Read more
In the 1990s, banks classified customers and their rewards by issuing only Platinum, Gold, or Titanium cards. Consumers had no choice in selecting a card, as the type of card issued was solely determined by their income. The industry saw a significant shift in 1997 when Citibank, in collaboration with Indian Oil Corporation, introduced India’s … Read more
The surge in retail loans, particularly among GenZ and Millennials, has been a significant trend in the financial sector. This demographic is increasingly drawn to unsecured lending options, facilitated by fintech companies and NBFCs, offering quick and convenient access to credit. However, this ease of access has led to a rise in defaults, highlighting the … Read more
Fintech firm Angel One Limited today announced the launch of Fin One, a digital-first initiative set to transform financial literacy among Indians. Fin One integrates engagement and entertainment to empower young Indians to make informed financial decisions and develop resilient investing habits. Young Indians, especially Gen-Z and Millennials, are diving into the market now, hence … Read more
Millennials, often defined as individuals born between 1981 and 1996, are significantly transforming the investment landscape. Embracing a modern investment tool known as fractional investing, they are diversifying their portfolios and steadily becoming the dominant demographic in the alternative investment space. According to a report from Grip Invest, a popular digital investment platform, millennials comprise … Read more
An impatient Indian investor class, largely driven by millennials, is leaping into riskier investments from peer-to-peer lending to cryptocurrencies in the hope of boosting returns rocked by one of the worst inflation rates in Asia. The sheer number of individuals pouring money into new and lightly controlled assets sets India apart, after the pandemic fueled … Read more
A striking aspect is that young Indians are splurging on premium and luxurious stays. (Photo source: Rajasthan Tourism on Twitter) Travel bookings soar in 2021 as there is a 150 per cent increase in bookings this year, indicates Goibibo’s latest market study! We know that young Indian travellers are showing signs of travel confidence this festive season. Bookings … Read more
‘Gen Z and millennials are the driving force behind the USD 2 Billion Dollars shared economy that India currently enjoys.’ The one industry pandemic has shaken the most is the travel and hospitality sector. However, the drop in number of new cases has made tourism pick the pace a bit. New trends have emerged and … Read more