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Aug, 2021     

Here’s how consumers are managing their finances better. Are you?

Digital brokerages have witnessed a phenomenal growth in the last 3 years


Over the years, we have seen the changing dynamics of consumer behaviour. In the last few years, as the younger generations started adopting digital services to solve the different hassles. But, wealthtech was one such segment which started building the right offerings even before the demand and rather created its own market after developing the right products which is seeing a significant upsurge today.
Here we have captured the growth of this market and how the digital markets are seeing a higher demand.

1. Over the last decade, India’s wealthtech companies emerged as the torchbearers

Timeline of Evolution of Digital Investments/Wealthtech Platforms in India

In the last few years, a number of startups entered this space to cater to the growing demand. While these new-age players have filled a void in the ecosystem, there is a lot of headroom for growth in the near future. While the journey began in 2010, the space is now maturing with increasing awareness and other tailwinds leading to more demand.

2. Owning to these factors, digital investments will continue to rise

With factors like digital penetration, increasing household income, easier accessibility and innovative ideas by new-age players, better customer experience and increasing awareness, this sector is bound to grow hereon.

3. Further, FY21 saw highest number of jump in new Demat accounts

With the right factors and along with an increase in the growth of the overall market, digital platforms are set to gain on the back of it. The market has seen a sharp rise in both trading value and volume, demat which will play a major role in the growth of the new-age platforms.

4. Digital brokerages have witnessed a phenomenal growth in the last 3 years

Growth of Active clients of Top Five brokerages (Mn)

Our research shows that over the last three years, digital platforms have seen significant growth especially when compared to the traditional platforms. With the rising adoption of digital services and other favourable factors, this sector will see a huge growth in the next few years.