Youth are turning disaster into opportunity due to Corona’s objection, along with savings, courage also increased
Every area has been affected during the Corona period. In such a situation, every family has been affected mentally and financially. In such a situation, people are looking after saving money and trying all the methods located in the market. Meanwhile, among all the options, preference is given to the stock market and mutual funds. Amidst the lockdown, a large number of new investors are associated with the stock market. Especially young boys whose age is between 21 to 35 years who are currently associated with the stock market. According to SEBI, about 5 lakh new demat accounts are opened every month during the time of lockdown. Out of which about 65 percent are new youth, while some youth are joining the stock market for additional earnings.
Investors used to invest extensively in mutual funds with a market of 21 thousand crores every year for an indefinite period. People associated with the market say that on an average, 500 crores have been invested in mutual funds of Surat every year. In the last year, people have withdrawn money from mutual funds for treatment along with the busy business in the Corona epidemic. Talking about the figures, more than 600 crores of this amount was withdrawn from mutual funds during this period. However, it has also been seen that the money withdrawn from mutual funds is being invested back in mutual funds or the stock market.