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Why millennials love robo-advisors and algorithmic trades

Millennials are more likely to catch a stock’s sentiment on social media, or via some YouTube influencer

July 07, 2021 / 08:05 AM IST

Driven by quarantine boredom, many in their 20s and 30s have turned to stock markets during the pandemic. For some it is a pastime, while for others, it’s a way to get some adrenaline rush in volatile markets, as well as make extra earnings to follow their dreams.

Millennials have grown up when technology was still developing and adopted it as part of their lives not only in urban parts but also tier 2 / 3 cities and rural areas of the country. Hence, they are more open to technology playing an important part in their financial journey.

More than 90 percent of the retail flow into Indian capital markets comes from mobile applications. Seamless eKYC has enabled them to easily get on board with any Fintech player.

Technology brings ease of investing