With easy availability of gadgets, use of superior technology, rising internet speed and access to analyst information, there is steep rise of over 76% of online trading among the young investors in the last couple of years as a primary source of additional income reveals the ASSOCHAM survey.

According to the survey, more and more youngsters are adapting this quick, efficient and hassle free option of stock trading. Around 60 to 75% rise in trading since the inception of online trading account India, especially amongst the youth investors.

Be it a mom to the business professional anyone can be a part of this multi-billion stock market of India and trade anytime, anywhere and anyhow through Online Trading.

In its countrywide survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) under the aegis of its Social Development Foundation, reveals that the online share trade industry is growing by 160% year-on-year, the value of all trades executed through the internet has grown more than ten times in two years.

Major metropolitan cities in which respondents were interviewed include Delhi-NCR, Mumbai, Ahmadabad, Cochin, Bangalore, Hyderabad, Kolkata, Indore, Patna, Pune, Chandigarh and Dehradun and it was observed that there has been a steep rise in the use of online share trading with the upcoming technology platform for continuous trading.

ASSOCHAM used random data to choose investors representing various age groups, occupation, gender, marital status and annual income range.

According to the findings of the survey, "online share trading has become a major fascination by large number of young energetic and intelligent population mostly professionals or unprofessional and employed or unemployed."

"Stock trading is the new age thrive, every youngsters are looking toward to improve the income levels. Online trading is the most profitable business, which just requires knowledge of the trading concept", said majority of the respondents.

The knowledge of basic trading concepts is enough to get youngsters started. Analyst feeds are also abundantly available online and that helps make trading easier. It is interesting to note that a majority of young investors prefer the futures and options or F&O segment to the spot market, adds the survey.

Online trading account India is considered as a key instrument to improve earnings amongst the youth who are smart, cautious and pick an easy go medium, as it does not require any complicated procedures to carry out trades. Men and women both trade online almost neck to neck in their race to earn high gains with less pain.

The "lagging" brokerages are now forced to improve their operational costs and age old lagging trade practices in order to be successful. One of the main obstacles to further development of online trading is telecom infrastructure, which is forcing most online retail brokerages to offer telephone trading as a backup, said Mr. Rawat.

Majority of the respondents doing internet trading belong to the age group of 18 to 23 years followed 24 to 29 years. Similarly, people belong to 30 to 35 age groups. Whereas, 8% people are each from the age group of 36 to 41 years and above 42 years age. Out of 2,500 respondents, 69 % are male and 31% are females.

In the survey, it is found that majority of young investors (64%) like to trade in futures and options (F&O) and it shows there is a need to create awareness among investors regarding profitability of investment in futures and options, adds the survey.

With brokerage firms tries to find level of satisfaction of investors with broking firms by extending several incentives and concessional service charges to attract the investors.

The survey was able to target corporate employees from 18 broad sectors, with maximum share contributed by employees from IT/ITes sector (17 per cent).

Others include employees from those sectors that have contributed >= 1 per cent share in the survey (consumer durable, construction, energy, healthcare, steel, HR and Misc)

After IT/ITeS sector, contribution of the survey respondents from financial services is 11 per cent. It includes employees engaged in banking sector, stock brokerage house, insurance sector, financial consultancy and chartered accountants.

Employees working in engineering and telecom sector contributed 9 per cent and 8 per cent respectively in the questionnaire. Nearly 6 per cent of the employees belonged from market research/KPO and media background each. Management, FMCG and Infrastructure sector employees share is 5 per cent each, in the total survey.

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