ETMarkets Smart Talk | FOMO, fintech, celebrities and the rise of India’s multi-decade bull run: Rajeev Mathur
bull run. It is India’s time, and that’s where the ultimate money follows the value. So, HNIs and retail investors are in the right place at the right time,” says Rajeev Mathur, Head-Wealth Broking, Yes Securities India Ltd.
In an interview with ETMarkets, Mathur said: “To make money, you don’t need to be the most intelligent person in the world; you just need to be disciplined. All asset classes offer sufficient wealth creation opportunities” Edited excerpts:
Let me start off with the overall industry because we are talking about wealth management today. How has the industry changed, let’s say, in the last four to five years, and what is the outlook that you see in the next few years?
So, basically what I feel has changed drastically over the last couple of years, probably post-COVID, is that a lot of trends have shifted. Now, if you look at the overall industry, either wealth or retail, some interesting trends have emerged.
One is definitely data consumption. We all know that we are a young population. Our average age is 28, and the kind of data we are using is phenomenal. The average Indian uses close to 20-plus GB a month, which is quite amazing.
So, one important factor in India is that we are a country with a young population. We have almost 65 crore-plus smartphone users, almost 75 crore people have access to the internet, and 100 crore-plus have mobile phone connections. So, these are important indicators of where the industry is moving—towards data consumption.
The second important factor that has
