Around 49% of new demat accounts in FY24 opened by investors below 25, says Paarth Dhar of Angel One
When it comes to savings and investments, one of the key hurdles faced by lay investors includes financial awareness and knowledge. A number of financial literacy campaigns are conducted by a number of government and private agencies.
Angel One has launched one such initiative ‘Fin One’ that aims to make youngsters aware about wealth generation via saving and investments.
Fin One aims to deliver infotainment content that engages, entertains, and empowers, transcending geographical and socioeconomic barriers. The content comprises interactive quizzes and challenges that make learning about finance as engaging as scrolling through social media feeds.
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In an email interaction,Paarth Dhar, Vice President, New Growth Opportunities of Angel One told MintGenie more about the initiative, what it entails and how the investing landscape emerges once the young investors join the investing population.
Beyond spreading financial literacy among youngsters, Fin One aims to create a robust financial awareness platform that supports informed decision-making for all demographics, particularly the younger generation. The initiative seeks to address gaps in financial education, reduce the intimidation factor around financial topics, and foster a culture of informed financial planning and investment.
Moreover, Fin One aspires to empower India's youth to be proactive in managing their finances, thereby contributing to broader economic stability and growth.
While Fin One's primary goal is educational, there is a strategic alignment with Angel One's services. Around 49 per cent of new demat accounts opened in 9M in FY24 on Angel One are by
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