INSUBCONTINENT EXCLUSIVE:
By DK AggarwalLet's begins with who are the millennials? T hey are those who have attained adulthood in the early 21st century and grew up
just when the world became more digitally connected
When it comes to millennial investing, cash is king
Their financial goals can be understood by the terms "FIRE" (financial independence, retire early).
Today, there are many more investment
opportunities beyond traditional offerings
Demand for sustainable investment is being driven, in part, by millennials and they are likely to invest in companies that are engaged with
offerings, fast internet, smartphones and the sharing economy has widened the spectrum for this generation and equally challenged financial
markets to come up with value-based investment options to serve a new batch of investors.
When it comes to asset allocation by millennials,
as said earlier, they focus on companies that have a positive effect on the environment, society and technological growth
In the developed market, this generation could be seen as having much inclination towards companies such as Amazon, Alibaba, Facebook,
Netflix, Apple, Google, Tesla as well as institutions that focus on solar and other cleaner forms of energy.
Millennials are bringing with
them new perspectives on financial goals and investment advice
The opportunity to maintain strong financial performance coupled with values-based investing is extremely attractive to them
In India, not surprisingly, online investing is popular, though it is still at a nascent stage
This generation is interested in companies such as Info Edge, Zomato, IRCTC, FundsIndia and Paytm Money.
Besides, millennials constitute
nearly half of the mutual fund-investing community; they have already embraced the culture of mutual fund investing through SIP, especially
Millennials joined the financial industry at a time when India is enjoying a powerful demographic dividend; and certainly they are likely to
benefit in the long run, although not immediately
As millennials begin to engage with financial sector, they will continue to disrupt the industry due to their sizeable population,
inheritable wealth and a natural inclination for digital means of communication.
Chairman and MD, SMC Investments and Advisors
